NORTHERN NIGERIA's market value is the price at which a share of NORTHERN NIGERIA trades on a public exchange. It measures the collective expectations of NORTHERN NIGERIA FLOUR investors about its performance. NORTHERN NIGERIA is selling at 73.30 as of the 4th of February 2025; that is 9.98 percent increase since the beginning of the trading day. The stock's open price was 66.65. With this module, you can estimate the performance of a buy and hold strategy of NORTHERN NIGERIA FLOUR and determine expected loss or profit from investing in NORTHERN NIGERIA over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
NORTHERN
NORTHERN NIGERIA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NORTHERN NIGERIA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NORTHERN NIGERIA.
0.00
11/06/2024
No Change 0.00
0.0
In 3 months and 1 day
02/04/2025
0.00
If you would invest 0.00 in NORTHERN NIGERIA on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding NORTHERN NIGERIA FLOUR or generate 0.0% return on investment in NORTHERN NIGERIA over 90 days.
NORTHERN NIGERIA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NORTHERN NIGERIA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NORTHERN NIGERIA FLOUR upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHERN NIGERIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTHERN NIGERIA's standard deviation. In reality, there are many statistical measures that can use NORTHERN NIGERIA historical prices to predict the future NORTHERN NIGERIA's volatility.
NORTHERN NIGERIA is very steady given 3 months investment horizon. NORTHERN NIGERIA FLOUR has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27 % return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use NORTHERN NIGERIA FLOUR Risk Adjusted Performance of 0.2305, market risk adjusted performance of (1.42), and Mean Deviation of 2.91 to evaluate company specific risk that cannot be diversified away. NORTHERN NIGERIA holds a performance score of 20 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NORTHERN NIGERIA are expected to decrease at a much lower rate. During the bear market, NORTHERN NIGERIA is likely to outperform the market. Use NORTHERN NIGERIA FLOUR maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to analyze future returns on NORTHERN NIGERIA FLOUR.
Auto-correlation
0.27
Poor predictability
NORTHERN NIGERIA FLOUR has poor predictability. Overlapping area represents the amount of predictability between NORTHERN NIGERIA time series from 6th of November 2024 to 21st of December 2024 and 21st of December 2024 to 4th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NORTHERN NIGERIA FLOUR price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NORTHERN NIGERIA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
51.57
NORTHERN NIGERIA FLOUR lagged returns against current returns
Autocorrelation, which is NORTHERN NIGERIA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NORTHERN NIGERIA's stock expected returns. We can calculate the autocorrelation of NORTHERN NIGERIA returns to help us make a trade decision. For example, suppose you find that NORTHERN NIGERIA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
NORTHERN NIGERIA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NORTHERN NIGERIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTHERN NIGERIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTHERN NIGERIA stock over time.
Current vs Lagged Prices
Timeline
NORTHERN NIGERIA Lagged Returns
When evaluating NORTHERN NIGERIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTHERN NIGERIA stock have on its future price. NORTHERN NIGERIA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NORTHERN NIGERIA autocorrelation shows the relationship between NORTHERN NIGERIA stock current value and its past values and can show if there is a momentum factor associated with investing in NORTHERN NIGERIA FLOUR.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.