This is for newbies, so take this very seriously. If you buy an asset or security and it dips by 10%, you need it to rise by 11% to break even. If it is down by 40%, you need it to appreciate by 67% to break even.
Now let’s put numbers to it. JaizBank is down from its previous all-time high. Let’s say you bought the top at N15.45 per share with N1,000,000. This means you will get 64,725 units (now factor in fees so the units will not be exact, but for the purpose of this lesson we will assume exact). Currently JaizBank is trading at N10.8 per share, so your current worth of Jaiz is now N699,03