- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is positive on the latest completed week.
- Volume is elevated versus the 13-week average, confirming attention.
N91
LSE
Week ended 02 Oct 2026
Weekly Investor Report
Ninety One Group · Financial Services · Asset Management
Latest close
206.60 GBP
-1.2%
latest week
Weekly setup
Weak trend
The weekly trend is not active. Price is -4.4% below the Trend Line and sits at 13.0% of its 52-week range. The latest completed week returned -1.2%, after a -3.3% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is inexpensive relative to peers. The latest news-sentiment score is 50/100.
Setup score
47
out of 100
Latest Close
206.60 GBP
2 Oct 2026
1W Return
-1.2%
latest completed week
4W Return
-3.3%
short-term follow-through
12W Return
-4.7%
quarterly tape
Trend Breadth
50.0%
26 of 52 weeks active
Volume Ratio
2.0x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Price is below the Trend Line, which keeps downside pressure in focus.
- Next-week expectancy is negative at 43.20% based on similar historical setup states.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
-1.2%
Latest completed week; four-week move -3.3%.
Indicator stack
28/100
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Negative 43.20%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
50/100
3 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is -4.4% below the Trend Line and sits at 13.0% of its 52-week range. The latest completed week returned -1.2%, after a -3.3% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 2.0x the 13-week average. Participation is unusually strong and confirms that the move is attracting attention.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
14 Aug
21 Aug
28 Aug
4 Sep
11 Sep
18 Sep
25 Sep
2 Oct
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.1412-week average 0.18
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure3/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.14Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is -3.3% over four weeks, -4.7% over 12 weeks, and -0.5% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year26
Trend breadth50.0%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.20Latest activity-pressure read.
Pressure change3441.4%Four-week change in activity pressure.
Leadership-8.02Latest relative-leadership reading.
RS change8.5%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is inexpensive relative to peers.
Factor week 25 Sep 2026
Financial statements through 31 Mar 2026
Field coverage 97%
Model confidence 84%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength80/100Blend of value, momentum, and quality. Underlying universe rank 21; rank 1 is best.
Value85/100Relative valuation strength. Underlying universe rank 16; rank 1 is best.
Quality96/100Profitability and accounting quality. Underlying universe rank 5; rank 1 is best.
Momentum17/100Medium-term price momentum. Underlying universe rank 84; rank 1 is best.
Growth18/100Revenue and earnings growth. Underlying universe rank 83; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 13.1x Price divided by trailing earnings.
- Price / sales
- 2.6x Market value relative to trailing revenue.
- EV / EBITDA
- 7.8x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 9.9% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 85.2% Gross profit retained from each unit of revenue.
- Operating margin
- 25.6% Operating profit retained from revenue.
- Free-cash-flow margin
- 21.7% Free cash flow generated from revenue.
- Return on invested capital
- 38.8% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 9.0% Latest one-year revenue growth.
- EPS growth
- -0.3% Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- -47.4% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 4/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 6.4% Cash dividends relative to market value.
- Buyback yield
- 2.0% Net share repurchases relative to market value.
- Shareholder yield
- 8.4% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- -1.5x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment50/100
Weighted news tone is neutral across 3 relevant articles.
0 positive · 3 neutral · 0 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-21.2%Distance below the 52-week high.
13-week volatility2.2%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
10 Apr
8 May
5 Jun
3 Jul
31 Jul
28 Aug
2 Oct
Weeks higher9 of 2617 weeks finished lower.
Best week+5.2%Week of 7 Aug.
Worst week-7.7%Week of 10 Apr.
Latest week-1.2%Week of 2 Oct.
Shape of recent returns
Strong gains2
Modest gains7
Flat weeks0
Modest losses14
Sharp losses3
Recent vol2.2%13-week weekly-return volatility.
Base vol3.3%52-week weekly-return volatility.
Up/down split25/27Count of positive and negative weeks in the 52-week window.
Average skew2.8% / -2.5%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorGB Financial Services
4-week rank57 / 100
Group average-3.4%
Trend breadth67.0%
Trend67.0%active weekly trend signals
MD53.0%positive activity pressure
RS56.0%positive relative leadership
Four-week leaders
IndustryGB Asset Management
4-week rank68 / 100
Group average-1.2%
Trend breadth58.0%
Trend58.0%active weekly trend signals
MD56.0%positive activity pressure
RS47.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape47/100
Trend, activity pressure, participation, and risk combine to a 47/100 tape read.
Indicator analysis16/100Latest 12-week confirmation: trend 0/12, activity pressure 3/12, relative leadership 0/12.
Activity pressure 0.14; No reversal markers Next-Week ExpectancyNegative 43.20%Next-week expectancy is negative with a 43.20% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors71/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 26; Small Cap Core rank 63 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment50/100Weighted news tone is neutral across 3 relevant articles.
Ninety One Advances Share Buyback, Cuts Share Capital Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | 206.60 GBP | -1.2% | 216.13 GBP | 185.57 GBP | 0.20 | -8.02 | 3.9M | Off |
| 25 Sep 2026 | 209.20 GBP | -0.2% | 217.07 GBP | 185.29 GBP | 0.24 | -9.06 | 2.6M | Off |
| 18 Sep 2026 | 209.60 GBP | -0.3% | 218.41 GBP | 185.05 GBP | 0.12 | -8.75 | 7.8M | Off |
| 11 Sep 2026 | 210.20 GBP | -1.6% | 219.73 GBP | 184.80 GBP | -0.00 | -8.59 | 2.5M | Off |
| 4 Sep 2026 | 213.60 GBP | -0.4% | 220.73 GBP | 184.54 GBP | -0.01 | -8.76 | 2.6M | Off |
| 28 Aug 2026 | 214.40 GBP | -0.6% | 221.54 GBP | 184.23 GBP | -0.03 | -8.43 | 446.1K | Off |
| 21 Aug 2026 | 215.80 GBP | -1.6% | 222.82 GBP | 183.95 GBP | -0.05 | -7.83 | 277.7K | Off |
| 14 Aug 2026 | 219.40 GBP | -1.7% | 223.59 GBP | 183.63 GBP | -0.21 | -5.78 | 266.7K | Off |
| 7 Aug 2026 | 223.20 GBP | 5.2% | 224.28 GBP | 183.28 GBP | -0.33 | -5.55 | 524.0K | Off |
| 31 Jul 2026 | 212.20 GBP | 0.6% | 224.30 GBP | 182.95 GBP | -0.57 | -9.99 | 1.3M | Off |
| 24 Jul 2026 | 211.00 GBP | -2.0% | 224.45 GBP | 182.66 GBP | -0.75 | -9.49 | 927.1K | Off |
| 17 Jul 2026 | 215.40 GBP | -0.7% | 224.59 GBP | 182.41 GBP | -0.85 | -6.55 | 1.0M | Off |
| 10 Jul 2026 | 216.85 GBP | 4.6% | 224.52 GBP | 182.09 GBP | -1.03 | -5.10 | 1.2M | Off |
| 3 Jul 2026 | 207.37 GBP | 3.1% | 224.17 GBP | 181.77 GBP | -1.19 | -10.81 | 944.7K | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.