WEMA BANK (Nigeria) Price on October 11, 2024
| WEMABANK | 8.85 0.20 2.31% |
If you're considering investing in WEMA Stock, it is important to understand the factors that can impact its price. As of today, the current price of WEMA BANK stands at 8.85, as last reported on the 15th of December 2024, with the highest price reaching 8.85 and the lowest price hitting 8.30 during the day. WEMA BANK appears to be slightly risky, given 3 months investment horizon. WEMA BANK PLC shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of standard deviation over the last 3 months. By reviewing WEMA BANK's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize WEMA BANK's Mean Deviation of 2.02, downside deviation of 3.36, and Risk Adjusted Performance of 0.1338 to validate if our risk estimates are consistent with your expectations.
WEMA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
WEMA |
Sharpe Ratio = 0.1809
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Estimated Market Risk
| 3.06 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average WEMA BANK is performing at about 14% 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 WEMA BANK by adding it to a well-diversified portfolio.
WEMA BANK Valuation on October 11, 2024
It is possible to determine the worth of WEMA BANK on a given historical date. On October 11, 2024 WEMA was worth 7.8 at the beginning of the trading date compared to the closed value of 7.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of WEMA BANK stock. Still, in general, we apply an absolute valuation method to find WEMA BANK'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 WEMA BANK where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against WEMA BANK's related companies.
| Open | High | Low | Close | Volume | |
| 8.10 | 8.10 | 7.35 | 7.80 | 4,321,490 | |
10/11/2024 | 7.80 | 7.85 | 7.80 | 7.85 | 1,098,861 |
| 7.85 | 8.00 | 7.80 | 8.00 | 1,118,220 |
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WEMA BANK Trading Date Momentum on October 11, 2024
| On October 14 2024 WEMA BANK PLC was traded for 8.00 at the closing time. The highest price during the trading period was 8.00 and the lowest recorded bid was listed for 7.80 . The volume for the day was 1.1 M. This history from October 14, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 1.91% . The trading price change to the current price is 1.27% . |
Price Boundaries
WEMA BANK Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
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WEMA BANK December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how WEMA BANK stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WEMA BANK shares will generate the highest return on investment. By undertsting and applying WEMA BANK stock market strength indicators, traders can identify WEMA BANK PLC entry and exit signals to maximize returns
WEMA BANK Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for WEMA BANK's price direction in advance. Along with the technical and fundamental analysis of WEMA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of WEMA 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.