CORONATION INSURANCE (Nigeria) Probability of Future Stock Price Finishing Over 1.21
| WAPIC Stock | 1.28 0.07 5.79% |
CORONATION |
CORONATION INSURANCE Target Price Odds to finish over 1.21
The tendency of CORONATION 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 1.21 in 90 days |
| 1.28 | 90 days | 1.21 | near 1 |
Based on a normal probability distribution, the odds of CORONATION INSURANCE to stay above 1.21 in 90 days from now is near 1 (This CORONATION INSURANCE PLC probability density function shows the probability of CORONATION Stock to fall within a particular range of prices over 90 days) . Probability of CORONATION INSURANCE PLC price to stay between 1.21 and its current price of 1.28 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon CORONATION INSURANCE PLC has a beta of -0.55. This entails as returns on the benchmark increase, returns on holding CORONATION INSURANCE are expected to decrease at a much lower rate. During a bear market, however, CORONATION INSURANCE PLC is likely to outperform the market. Additionally CORONATION INSURANCE PLC has an alpha of 0.8817, implying that it can generate a 0.88 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CORONATION INSURANCE Price Density |
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Predictive Modules for CORONATION INSURANCE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CORONATION INSURANCE 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CORONATION INSURANCE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CORONATION INSURANCE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CORONATION INSURANCE is not an exception. The market had few large corrections towards the CORONATION INSURANCE'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 CORONATION INSURANCE PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CORONATION INSURANCE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.88 | |
β | Beta against Dow Jones | -0.55 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.18 |
CORONATION INSURANCE 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 CORONATION INSURANCE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CORONATION INSURANCE PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CORONATION INSURANCE may become a speculative penny stock | |
| CORONATION INSURANCE appears to be risky and price may revert if volatility continues |
CORONATION INSURANCE Technical Analysis
CORONATION INSURANCE's future price can be derived by breaking down and analyzing its technical indicators over time. CORONATION Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CORONATION INSURANCE PLC. In general, you should focus on analyzing CORONATION Stock price patterns and their correlations with different microeconomic environments and drivers.
CORONATION INSURANCE Predictive Forecast Models
CORONATION INSURANCE's time-series forecasting models is one of many CORONATION INSURANCE'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 CORONATION INSURANCE'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 CORONATION INSURANCE PLC
Checking the ongoing alerts about CORONATION INSURANCE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CORONATION INSURANCE PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CORONATION INSURANCE may become a speculative penny stock | |
| CORONATION INSURANCE appears to be risky and price may revert if volatility continues |
Additional Tools for CORONATION Stock Analysis
When running CORONATION INSURANCE's price analysis, check to measure CORONATION INSURANCE'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 CORONATION INSURANCE is operating at the current time. Most of CORONATION INSURANCE's value examination focuses on studying past and present price action to predict the probability of CORONATION INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CORONATION INSURANCE's price. Additionally, you may evaluate how the addition of CORONATION INSURANCE to your portfolios can decrease your overall portfolio volatility.