NEM INSURANCE (Nigeria) Price on May 24, 2024
| NEM Stock | 10.70 0.95 9.74% |
If you're considering investing in NEM Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEM INSURANCE stands at 10.70, as last reported on the 12th of December 2024, with the highest price reaching 10.70 and the lowest price hitting 9.75 during the day. NEM INSURANCE appears to be somewhat reliable, given 3 months investment horizon. NEM INSURANCE PLC has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of volatility over the last 3 months. By evaluating NEM INSURANCE's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise NEM INSURANCE's risk adjusted performance of 0.1461, and Mean Deviation of 1.84 to check out if our risk estimates are consistent with your expectations.
NEM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEM |
Sharpe Ratio = 0.1984
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Estimated Market Risk
| 3.14 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average NEM INSURANCE is performing at about 15% 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 NEM INSURANCE by adding it to a well-diversified portfolio.
NEM INSURANCE Valuation on May 24, 2024
It is possible to determine the worth of NEM INSURANCE on a given historical date. On May 24, 2024 NEM was worth 7.14 at the beginning of the trading date compared to the closed value of 7.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEM INSURANCE stock. Still, in general, we apply an absolute valuation method to find NEM INSURANCE's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NEM INSURANCE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEM INSURANCE's related companies.
| Open | High | Low | Close | Volume | |
| 7.14 | 7.14 | 7.14 | 7.14 | 166,954 | |
05/24/2024 | 7.14 | 7.14 | 7.14 | 7.14 | 219,721 |
| 6.72 | 6.72 | 6.72 | 6.72 | 572,940 |
| Backtest NEM INSURANCE | | | NEM INSURANCE History | Previous | Next |
NEM INSURANCE Trading Date Momentum on May 24, 2024
| On May 27 2024 NEM INSURANCE PLC was traded for 6.72 at the closing time. The highest price during the trading period was 6.72 and the lowest recorded bid was listed for 6.72 . The volume for the day was 572.9 K. This history from May 27, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.88% . The trading delta at closing time to the current price is 10.50% . |
Price Boundaries
NEM INSURANCE Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
NEM INSURANCE PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NEM INSURANCE December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how NEM INSURANCE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEM INSURANCE shares will generate the highest return on investment. By undertsting and applying NEM INSURANCE stock market strength indicators, traders can identify NEM INSURANCE PLC entry and exit signals to maximize returns
NEM INSURANCE Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEM INSURANCE's price direction in advance. Along with the technical and fundamental analysis of NEM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEM to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1461 | |||
| Jensen Alpha | 0.6043 | |||
| Total Risk Alpha | 0.0914 | |||
| Sortino Ratio | 0.1072 | |||
| Treynor Ratio | (2.24) |
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Additional Tools for NEM Stock Analysis
When running NEM INSURANCE's price analysis, check to measure NEM 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 NEM INSURANCE is operating at the current time. Most of NEM INSURANCE's value examination focuses on studying past and present price action to predict the probability of NEM 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 NEM INSURANCE's price. Additionally, you may evaluate how the addition of NEM INSURANCE to your portfolios can decrease your overall portfolio volatility.