Volatility of Stock Price Index for Nigeria
DDSM01NGA066NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.66
Year-over-Year Change
-39.69%
Date Range
1/1/1998 - 1/1/2021
Summary
The Volatility of Stock Price Index for Nigeria measures the level of variability or uncertainty in the Nigerian stock market. This metric is a key indicator of market risk and is closely watched by investors, policymakers, and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Volatility of Stock Price Index for Nigeria quantifies the degree of fluctuation in the country's overall stock prices over time. It is calculated based on the standard deviation of daily returns of the Nigerian Stock Exchange All-Share Index, providing insights into the stability and risk profile of the domestic equity market.
Methodology
The data is computed by the World Bank using daily stock price index values.
Historical Context
Policymakers and market participants closely monitor this volatility measure to assess the health and resilience of the Nigerian financial system.
Key Facts
- Nigeria is Africa's largest economy.
- The Nigerian stock market is one of the largest in sub-Saharan Africa.
- High stock market volatility can indicate financial instability.
FAQs
Q: What does this economic trend measure?
A: The Volatility of Stock Price Index for Nigeria quantifies the degree of fluctuation in the country's overall stock prices over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of market risk and is closely watched by investors, policymakers, and analysts to assess the health and resilience of the Nigerian financial system.
Q: How is this data collected or calculated?
A: The data is computed by the World Bank using daily stock price index values.
Q: How is this trend used in economic policy?
A: Policymakers monitor this volatility measure to assess the stability and risk profile of the domestic equity market, which is crucial for maintaining a healthy financial system.
Q: Are there update delays or limitations?
A: The data is published by the World Bank and may be subject to update lags or limitations inherent in the source.
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Citation
U.S. Federal Reserve, Volatility of Stock Price Index for Nigeria (DDSM01NGA066NWDB), retrieved from FRED.