NOTORE CHEMICAL (Nigeria) Performance
| NOTORE Stock | 62.50 0.00 0.00% |
The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NOTORE CHEMICAL are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days NOTORE CHEMICAL IND has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, NOTORE CHEMICAL is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
NOTORE |
NOTORE CHEMICAL Relative Risk vs. Return Landscape
If you would invest 6,250 in NOTORE CHEMICAL IND on August 28, 2024 and sell it today you would earn a total of 0.00 from holding NOTORE CHEMICAL IND or generate 0.0% return on investment over 90 days. NOTORE CHEMICAL IND is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of stocks are less volatile than NOTORE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NOTORE CHEMICAL Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOTORE CHEMICAL's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOTORE CHEMICAL IND, and traders can use it to determine the average amount a NOTORE CHEMICAL'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 = 0.0
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Based on monthly moving average NOTORE CHEMICAL is not performing at its full potential. However, 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 NOTORE CHEMICAL by adding NOTORE CHEMICAL to a well-diversified portfolio.
Things to note about NOTORE CHEMICAL IND performance evaluation
Checking the ongoing alerts about NOTORE CHEMICAL for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOTORE CHEMICAL IND help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NOTORE CHEMICAL IND generated a negative expected return over the last 90 days |
- Analyzing NOTORE CHEMICAL'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 NOTORE CHEMICAL's stock is overvalued or undervalued compared to its peers.
- Examining NOTORE CHEMICAL'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 NOTORE CHEMICAL's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOTORE CHEMICAL's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NOTORE CHEMICAL's stock. These opinions can provide insight into NOTORE CHEMICAL's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NOTORE Stock analysis
When running NOTORE CHEMICAL's price analysis, check to measure NOTORE CHEMICAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOTORE CHEMICAL is operating at the current time. Most of NOTORE CHEMICAL's value examination focuses on studying past and present price action to predict the probability of NOTORE CHEMICAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOTORE CHEMICAL's price. Additionally, you may evaluate how the addition of NOTORE CHEMICAL to your portfolios can decrease your overall portfolio volatility.
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