Novotek AB Stock Forecast - Day Median Price
| NTEK-B Stock | SEK 63.80 1.00 1.54% |
Novotek Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Novotek AB stock prices and determine the direction of Novotek AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Novotek AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Novotek AB to cross-verify your projections. Novotek |
Most investors in Novotek AB 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 Novotek AB's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Novotek AB's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 64.8 | 63.8 |
| Check Novotek AB Volatility | Backtest Novotek AB | Information Ratio |
Novotek AB Trading Date Momentum
| On April 30 2024 Novotek AB was traded for 63.80 at the closing time. The highest price during the trading period was 64.60 and the lowest recorded bid was listed for 63.00 . The volume for the day was 1.6 K. This history from April 30, 2024 did not cause price change. The trading delta at closing time to the current price is 0.31% . |
The median price is the midpoint of the trading periods range.
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Other Forecasting Options for Novotek AB
For every potential investor in Novotek, whether a beginner or expert, Novotek AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Novotek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Novotek. Basic forecasting techniques help filter out the noise by identifying Novotek AB's price trends.Novotek AB 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 Novotek AB stock to make a market-neutral strategy. Peer analysis of Novotek AB could also be used in its relative valuation, which is a method of valuing Novotek AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Novotek 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 Novotek AB'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 Novotek AB's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Novotek AB Market Strength Events
Market strength indicators help investors to evaluate how Novotek AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novotek AB shares will generate the highest return on investment. By undertsting and applying Novotek AB stock market strength indicators, traders can identify Novotek AB entry and exit signals to maximize returns.
Novotek AB Risk Indicators
The analysis of Novotek AB'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 Novotek AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novotek 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 | 1.82 | |||
| Semi Deviation | 1.27 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Downside Variance | 2.62 | |||
| Semi Variance | 1.6 | |||
| Expected Short fall | (2.52) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Novotek AB to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Novotek Stock analysis
When running Novotek AB's price analysis, check to measure Novotek AB'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 Novotek AB is operating at the current time. Most of Novotek AB's value examination focuses on studying past and present price action to predict the probability of Novotek AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novotek AB's price. Additionally, you may evaluate how the addition of Novotek AB to your portfolios can decrease your overall portfolio volatility.
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