NORTHERN NIGERIA (Nigeria) Performance
| NNFM Stock | 40.05 0.05 0.12% |
NORTHERN NIGERIA has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.49, 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. NORTHERN NIGERIA FLOUR currently secures a risk of 3.43%. Please verify NORTHERN NIGERIA FLOUR skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if NORTHERN NIGERIA FLOUR will be following its current price movements.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in NORTHERN NIGERIA FLOUR are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy technical and fundamental indicators, NORTHERN NIGERIA is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
NORTHERN |
NORTHERN NIGERIA Relative Risk vs. Return Landscape
If you would invest 3,915 in NORTHERN NIGERIA FLOUR on September 19, 2024 and sell it today you would earn a total of 90.00 from holding NORTHERN NIGERIA FLOUR or generate 2.3% return on investment over 90 days. NORTHERN NIGERIA FLOUR is generating 0.0948% of daily returns and assumes 3.4296% volatility on return distribution over the 90 days horizon. Simply put, 30% of stocks are less volatile than NORTHERN, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NORTHERN NIGERIA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHERN NIGERIA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NORTHERN NIGERIA FLOUR, and traders can use it to determine the average amount a NORTHERN NIGERIA's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0276
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Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NORTHERN NIGERIA is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NORTHERN NIGERIA by adding it to a well-diversified portfolio.
Things to note about NORTHERN NIGERIA FLOUR performance evaluation
Checking the ongoing alerts about NORTHERN NIGERIA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NORTHERN NIGERIA FLOUR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NORTHERN NIGERIA had very high historical volatility over the last 90 days |
- Analyzing NORTHERN NIGERIA's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NORTHERN NIGERIA's stock is overvalued or undervalued compared to its peers.
- Examining NORTHERN NIGERIA's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NORTHERN NIGERIA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NORTHERN NIGERIA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NORTHERN NIGERIA's stock. These opinions can provide insight into NORTHERN NIGERIA's potential for growth and whether the stock is currently undervalued or overvalued.