IKEJA HOTELS (Nigeria) Probability of Future Stock Price Finishing Over 8.0
| IKEJAHOTEL | 8.80 0.80 10.00% |
IKEJA |
IKEJA HOTELS Target Price Odds to finish over 8.0
The tendency of IKEJA Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 8.00 in 90 days |
| 8.80 | 90 days | 8.00 | about 21.52 |
Based on a normal probability distribution, the odds of IKEJA HOTELS to stay above 8.00 in 90 days from now is about 21.52 (This IKEJA HOTELS PLC probability density function shows the probability of IKEJA Stock to fall within a particular range of prices over 90 days) . Probability of IKEJA HOTELS PLC price to stay between 8.00 and its current price of 8.8 at the end of the 90-day period is about 20.52 .
Assuming the 90 days trading horizon IKEJA HOTELS PLC has a beta of -0.26. This usually indicates as returns on the benchmark increase, returns on holding IKEJA HOTELS are expected to decrease at a much lower rate. During a bear market, however, IKEJA HOTELS PLC is likely to outperform the market. Additionally IKEJA HOTELS PLC has an alpha of 0.4001, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). IKEJA HOTELS Price Density |
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Predictive Modules for IKEJA HOTELS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IKEJA HOTELS PLC. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Please note, it is not enough to conduct a financial or market analysis of a single entity such as IKEJA HOTELS. Your research has to be compared to or analyzed against IKEJA HOTELS's peers to derive any actionable benefits. When done correctly, IKEJA HOTELS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IKEJA HOTELS PLC.IKEJA HOTELS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IKEJA HOTELS is not an exception. The market had few large corrections towards the IKEJA HOTELS's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold IKEJA HOTELS PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IKEJA HOTELS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.26 | |
σ | Overall volatility | 0.52 | |
Ir | Information ratio | 0.10 |
IKEJA HOTELS Technical Analysis
IKEJA HOTELS's future price can be derived by breaking down and analyzing its technical indicators over time. IKEJA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of IKEJA HOTELS PLC. In general, you should focus on analyzing IKEJA Stock price patterns and their correlations with different microeconomic environments and drivers.
IKEJA HOTELS Predictive Forecast Models
IKEJA HOTELS's time-series forecasting models is one of many IKEJA HOTELS's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary IKEJA HOTELS's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IKEJA HOTELS in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IKEJA HOTELS's short interest history, or implied volatility extrapolated from IKEJA HOTELS options trading.