Want to know which month to invest in stocks? (See in details about “Market Analysis” in SS Pro)
Mon, Sep 17, 2018 5:35 PM on SS Pro, Stock Market, Latest,
-Amar Nath Shrestha
Market Analysis
This feature in SS Pro has six sub sections:
- Stocks near 52-week High
- Stocks near 52-week Low
- Monthly Stock Outlook, and
- Monthly Index Outlook
- Live Price-Volume Analysis
- Market Summary Statistics
This article will be talking about the first four sections.
Stocks near 52-week High
Stocks near 52-week High are the stocks whose prices are trading in their 1-year high range. More number of stocks trading near 52-week high prices signifies bullish market sentiment.
Figure 1: Stocks near 52-week High
In case of current market scenario, only 3.61% of the total stocks are in 52-week high. The 6 Stocks trading in their 1-year high price are NICA, NADEP, CMF1, SAEF, NICGF and NSEWA.
Stock near 52-week Low
These are the stocks that are trading in their 1-year low price range. High number of stocks near 52-week low prices signifies bearish market sentiment.
Figure 2: Stocks near 52-week Low
16.87% of the total stocks are being traded near 52-week low. 28 companies are being traded in their 1-year low prices. Trading in 52-week low prices also means that there is weak market confidence.
Monthly Stock Outlook
This section allows users to see in which months the company has higher chances of closing price higher than in which it opened- along with percentage gain or loss on average. Taking an example of NMB Bank, according to its stock performance since 2011, NMB bank has closed higher in 85.71% of July month. In terms of price change, it has gained the most (9.05% on average) in April month.
Here, NMB Bank’s highest average gain is 9.05% on the month of April which suggests that; if we buy stock of NMB Bank on every month of April, the price rises with 9.05%. Also, if stock of NMB is bought on every month of August, it indicates that there is chance of price fall by 8.27%. This helps in knowing which month to invest in or not. By the data provided, the suitable month to buy NMB Bank is the month of April for the most gains and the month of August is the neglectable month to invest on NMB Bank.
Figure 3: Monthly Stock Outlook
Monthly Index Outlook
Like monthly stock outlook, this section also allows user to see in which month the index has higher chances of closing in price higher than in which it opened- along with percentage gain or loss on average. It allows to view monthly outlook of other indices like Banking Index, Hotel index, Life insurance index, etc. Let us take NEPSE Index as an example. Based on its performance since 2011, NEPSE Index has closed higher in 87.5 % of July months. In terms of actual gain, it has gained the most (7.37 % on average) in July month.
Figure 4: Monthly Index Outlook
As shown above, the NEPSE Index gains 7.37% on the month of July and loses 0.97% on the month of November. The higher average gain signals the time to enter the market and the higher average loss signals to get out of the market. The given information above suggests the month of April and July is right time to enter the market.
About SS Pro
SS Pro is a powerful software developed by ShareSansar to help Nepali stock market investors make informed investment decisions. It is available with a yearly membership. The major features of SS Pro are:
- Has Nepal’s 1st Market Confidence Meter
- Free built-in Portfolio Tracker
- Nepal’s 1st Investment Worth Calculator
- Powerful Broker Analytics & Buy/Sell/Holdings info
- Live Charts with Powerful Charting Software, and many more.
SS Pro is a web-based software that can be accessed from any desktop, laptop or smartphone. There is no need to install any extra software package.
For more information, please visit: https://www.sharesansar.com/sspro
Figure 5: Screenshot of SS Pro Dashboard showing Market Confidence Meter