Acco Brands Stock Forecast - Day Median Price
| ACCO Stock | USD 4.87 0.03 0.62% |
Acco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Acco Brands stock prices and determine the direction of Acco Brands's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Acco Brands' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Acco Brands' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Acco Brands' systematic risk associated with finding meaningful patterns of Acco Brands fundamentals over time.
Check out Historical Fundamental Analysis of Acco Brands to cross-verify your projections. Acco |
Open Interest Against 2024-04-19 Acco Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Acco Brands' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Acco Brands' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Acco Brands stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Acco Brands' open interest, investors have to compare it to Acco Brands' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Acco Brands is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Acco. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Acco Brands 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 Acco Brands' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Acco Brands' 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 |
| 4.87 | 4.87 |
| Check Acco Brands Volatility | Backtest Acco Brands | Information Ratio |
Acco Brands Trading Date Momentum
| On April 18 2024 Acco Brands was traded for 4.87 at the closing time. The top price for the day was 4.87 and the lowest listed price was 4.87 . There was no trading activity during the period 0.0. Lack of trading volume on April 18, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.51% . |
The median price is the midpoint of the trading periods range.
| Compare Acco Brands to competition |
Other Forecasting Options for Acco Brands
For every potential investor in Acco, whether a beginner or expert, Acco Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Acco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Acco. Basic forecasting techniques help filter out the noise by identifying Acco Brands' price trends.Acco Brands 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 Acco Brands stock to make a market-neutral strategy. Peer analysis of Acco Brands could also be used in its relative valuation, which is a method of valuing Acco Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Acco Brands 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 Acco Brands' 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 Acco Brands' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Acco Brands Market Strength Events
Market strength indicators help investors to evaluate how Acco Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Acco Brands shares will generate the highest return on investment. By undertsting and applying Acco Brands stock market strength indicators, traders can identify Acco Brands entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 4.87 | |||
| Day Typical Price | 4.87 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 54.9 |
Acco Brands Risk Indicators
The analysis of Acco Brands' 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 Acco Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting acco 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 | 1.62 | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.27 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Acco Brands in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Acco Brands' short interest history, or implied volatility extrapolated from Acco Brands options trading.
Pair Trading with Acco Brands
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 Acco Brands 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 Acco Brands will appreciate offsetting losses from the drop in the long position's value.Moving against Acco Stock
| 0.79 | HRT | HireRight Holdings Corp Financial Report 14th of May 2024 | PairCorr |
| 0.78 | CPRT | Copart Inc Financial Report 15th of May 2024 | PairCorr |
| 0.77 | STER | Sterling Check Corp Financial Report 14th of May 2024 | PairCorr |
| 0.72 | MSA | MSA Safety Financial Report 6th of May 2024 | PairCorr |
| 0.71 | NL | NL Industries | PairCorr |
The ability to find closely correlated positions to Acco Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acco Brands 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 Acco Brands - 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 Acco Brands to buy it.
The correlation of Acco Brands 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 Acco Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acco Brands 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 Acco Brands 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 Acco Brands to cross-verify your projections. To learn how to invest in Acco Stock, please use our How to Invest in Acco Brands guide.Note that the Acco Brands information on this page should be used as a complementary analysis to other Acco Brands' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Acco Stock analysis
When running Acco Brands' price analysis, check to measure Acco Brands' 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 Acco Brands is operating at the current time. Most of Acco Brands' value examination focuses on studying past and present price action to predict the probability of Acco Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acco Brands' price. Additionally, you may evaluate how the addition of Acco Brands to your portfolios can decrease your overall portfolio volatility.
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Is Acco Brands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Acco Brands. If investors know Acco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Acco Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.3 | Earnings Share (0.23) | Revenue Per Share 19.232 | Quarterly Revenue Growth (0.02) |
The market value of Acco Brands is measured differently than its book value, which is the value of Acco that is recorded on the company's balance sheet. Investors also form their own opinion of Acco Brands' value that differs from its market value or its book value, called intrinsic value, which is Acco Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Acco Brands' market value can be influenced by many factors that don't directly affect Acco Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Acco Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Acco Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acco Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.