NEM INSURANCE (Nigeria) Performance
| NEM Stock | 10.90 0.10 0.91% |
On a scale of 0 to 100, NEM INSURANCE holds a performance score of 16. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEM INSURANCE are expected to decrease at a much lower rate. During the bear market, NEM INSURANCE is likely to outperform the market. Please check NEM INSURANCE's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether NEM INSURANCE's current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in NEM INSURANCE PLC are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, NEM INSURANCE unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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NEM INSURANCE Relative Risk vs. Return Landscape
If you would invest 750.00 in NEM INSURANCE PLC on September 14, 2024 and sell it today you would earn a total of 350.00 from holding NEM INSURANCE PLC or generate 46.67% return on investment over 90 days. NEM INSURANCE PLC is generating 0.6675% of daily returns and assumes 3.1472% volatility on return distribution over the 90 days horizon. Simply put, 28% of stocks are less volatile than NEM, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NEM INSURANCE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEM INSURANCE's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NEM INSURANCE PLC, and traders can use it to determine the average amount a NEM INSURANCE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2121
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Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average NEM INSURANCE is performing at about 16% 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.
Things to note about NEM INSURANCE PLC performance evaluation
Checking the ongoing alerts about NEM INSURANCE for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NEM INSURANCE PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NEM INSURANCE PLC appears to be risky and price may revert if volatility continues |
- Analyzing NEM INSURANCE's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NEM INSURANCE's stock is overvalued or undervalued compared to its peers.
- Examining NEM INSURANCE's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NEM INSURANCE's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEM INSURANCE's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NEM INSURANCE's stock. These opinions can provide insight into NEM INSURANCE's potential for growth and whether the stock is currently undervalued or overvalued.
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.