STERLING FINANCIAL (Nigeria) Probability of Future Stock Price Finishing Under 4.77
| STERLINGNG | 4.85 0.05 1.02% |
STERLING |
STERLING FINANCIAL Target Price Odds to finish below 4.77
The tendency of STERLING 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 drop to 4.77 or more in 90 days |
| 4.85 | 90 days | 4.77 | about 49.79 |
Based on a normal probability distribution, the odds of STERLING FINANCIAL to drop to 4.77 or more in 90 days from now is about 49.79 (This STERLING FINANCIAL HOLDINGS probability density function shows the probability of STERLING Stock to fall within a particular range of prices over 90 days) . Probability of STERLING FINANCIAL price to stay between 4.77 and its current price of 4.85 at the end of the 90-day period is about 10.87 .
Assuming the 90 days trading horizon STERLING FINANCIAL HOLDINGS has a beta of -0.25. This usually implies as returns on the benchmark increase, returns on holding STERLING FINANCIAL are expected to decrease at a much lower rate. During a bear market, however, STERLING FINANCIAL HOLDINGS is likely to outperform the market. Additionally STERLING FINANCIAL HOLDINGS has an alpha of 0.3766, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). STERLING FINANCIAL Price Density |
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Predictive Modules for STERLING FINANCIAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STERLING FINANCIAL. 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.STERLING FINANCIAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. STERLING FINANCIAL is not an exception. The market had few large corrections towards the STERLING FINANCIAL'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 STERLING FINANCIAL HOLDINGS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of STERLING FINANCIAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | 0.08 |
STERLING FINANCIAL Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of STERLING FINANCIAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for STERLING FINANCIAL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| STERLING FINANCIAL had very high historical volatility over the last 90 days |
STERLING FINANCIAL Technical Analysis
STERLING FINANCIAL's future price can be derived by breaking down and analyzing its technical indicators over time. STERLING Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of STERLING FINANCIAL HOLDINGS. In general, you should focus on analyzing STERLING Stock price patterns and their correlations with different microeconomic environments and drivers.
STERLING FINANCIAL Predictive Forecast Models
STERLING FINANCIAL's time-series forecasting models is one of many STERLING FINANCIAL'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 STERLING FINANCIAL'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.
Things to note about STERLING FINANCIAL
Checking the ongoing alerts about STERLING FINANCIAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for STERLING FINANCIAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| STERLING FINANCIAL had very high historical volatility over the last 90 days |