NIGERIAN BREWERIES's market value is the price at which a share of NIGERIAN BREWERIES trades on a public exchange. It measures the collective expectations of NIGERIAN BREWERIES PLC investors about its performance. NIGERIAN BREWERIES is trading at 27.50 as of the 13th of December 2024, a 1.29 percent increase since the beginning of the trading day. The stock's open price was 27.15. With this module, you can estimate the performance of a buy and hold strategy of NIGERIAN BREWERIES PLC and determine expected loss or profit from investing in NIGERIAN BREWERIES over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
NIGERIAN
NIGERIAN BREWERIES 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NIGERIAN BREWERIES's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NIGERIAN BREWERIES.
0.00
05/23/2023
No Change 0.00
0.0
In 1 year 6 months and 24 days
12/13/2024
0.00
If you would invest 0.00 in NIGERIAN BREWERIES on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding NIGERIAN BREWERIES PLC or generate 0.0% return on investment in NIGERIAN BREWERIES over 570 days.
NIGERIAN BREWERIES Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NIGERIAN BREWERIES's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NIGERIAN BREWERIES PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIGERIAN BREWERIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIGERIAN BREWERIES's standard deviation. In reality, there are many statistical measures that can use NIGERIAN BREWERIES historical prices to predict the future NIGERIAN BREWERIES's volatility.
NIGERIAN BREWERIES PLC has Sharpe Ratio of -0.0086, which conveys that the firm had a -0.0086% return per unit of risk over the last 3 months. NIGERIAN BREWERIES exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIGERIAN BREWERIES's risk adjusted performance of 0.0237, and Mean Deviation of 0.8226 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NIGERIAN BREWERIES's returns are expected to increase less than the market. However, during the bear market, the loss of holding NIGERIAN BREWERIES is expected to be smaller as well. At this point, NIGERIAN BREWERIES PLC has a negative expected return of -0.0147%. Please make sure to verify NIGERIAN BREWERIES's potential upside, and the relationship between the total risk alpha and kurtosis , to decide if NIGERIAN BREWERIES PLC performance from the past will be repeated in the future.
Auto-correlation
-0.12
Insignificant reverse predictability
NIGERIAN BREWERIES PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between NIGERIAN BREWERIES time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NIGERIAN BREWERIES PLC price movement. The serial correlation of -0.12 indicates that less than 12.0% of current NIGERIAN BREWERIES price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.12
Spearman Rank Test
-0.06
Residual Average
0.0
Price Variance
3.11
NIGERIAN BREWERIES PLC lagged returns against current returns
Autocorrelation, which is NIGERIAN BREWERIES stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NIGERIAN BREWERIES's stock expected returns. We can calculate the autocorrelation of NIGERIAN BREWERIES returns to help us make a trade decision. For example, suppose you find that NIGERIAN BREWERIES has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
NIGERIAN BREWERIES regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NIGERIAN BREWERIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIGERIAN BREWERIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIGERIAN BREWERIES stock over time.
Current vs Lagged Prices
Timeline
NIGERIAN BREWERIES Lagged Returns
When evaluating NIGERIAN BREWERIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIGERIAN BREWERIES stock have on its future price. NIGERIAN BREWERIES autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NIGERIAN BREWERIES autocorrelation shows the relationship between NIGERIAN BREWERIES stock current value and its past values and can show if there is a momentum factor associated with investing in NIGERIAN BREWERIES PLC.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.