Atlas Copco Stock Forecast - Price Action Indicator
| ATCO-B Stock | SEK 173.30 2.55 1.45% |
Atlas Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Atlas Copco stock prices and determine the direction of Atlas Copco AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Atlas Copco's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Atlas Copco to cross-verify your projections. Atlas |
Most investors in Atlas Copco cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Atlas Copco's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Atlas Copco's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| 0.7 | (2.17) |
| Check Atlas Copco Volatility | Backtest Atlas Copco | Information Ratio |
Atlas Copco Trading Date Momentum
| On May 28 2024 Atlas Copco AB was traded for 173.30 at the closing time. The highest price during the trading period was 176.25 and the lowest recorded bid was listed for 172.15 . The volume for the day was 1.5 M. This history from May 28, 2024 did not affect price variability. The overall trading delta to the current price is 1.50% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Atlas Copco to competition |
Other Forecasting Options for Atlas Copco
For every potential investor in Atlas, whether a beginner or expert, Atlas Copco's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Atlas Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Atlas. Basic forecasting techniques help filter out the noise by identifying Atlas Copco's price trends.Atlas Copco Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atlas Copco stock to make a market-neutral strategy. Peer analysis of Atlas Copco could also be used in its relative valuation, which is a method of valuing Atlas Copco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atlas Copco AB Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Atlas Copco's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Atlas Copco's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Atlas Copco Market Strength Events
Market strength indicators help investors to evaluate how Atlas Copco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Atlas Copco shares will generate the highest return on investment. By undertsting and applying Atlas Copco stock market strength indicators, traders can identify Atlas Copco AB entry and exit signals to maximize returns.
| Accumulation Distribution | 35342.63 | |||
| Daily Balance Of Power | (0.62) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 174.2 | |||
| Day Typical Price | 173.9 | |||
| Price Action Indicator | (2.17) | |||
| Period Momentum Indicator | (2.55) |
Atlas Copco Risk Indicators
The analysis of Atlas Copco's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Atlas Copco's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atlas stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.04 | |||
| Semi Deviation | 0.9076 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.38 | |||
| Downside Variance | 1.46 | |||
| Semi Variance | 0.8238 | |||
| Expected Short fall | (1.19) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Atlas Copco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atlas Copco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atlas Copco will appreciate offsetting losses from the drop in the long position's value.Moving together with Atlas Stock
| 0.94 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.92 | TREL-B | Trelleborg AB | PairCorr |
| 0.61 | TROAX | Troax Group AB | PairCorr |
| 0.85 | CCC | Cavotec SA | PairCorr |
Moving against Atlas Stock
| 0.83 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.8 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.64 | ARION-SDB | Arion banki hf | PairCorr |
| 0.54 | OPTI | OptiCept Technologies | PairCorr |
The ability to find closely correlated positions to Atlas Copco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Copco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atlas Copco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atlas Copco AB to buy it.
The correlation of Atlas Copco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlas Copco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Copco AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atlas Copco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Atlas Copco to cross-verify your projections. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Atlas Stock analysis
When running Atlas Copco's price analysis, check to measure Atlas Copco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlas Copco is operating at the current time. Most of Atlas Copco's value examination focuses on studying past and present price action to predict the probability of Atlas Copco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Copco's price. Additionally, you may evaluate how the addition of Atlas Copco to your portfolios can decrease your overall portfolio volatility.
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