Elkem ASA Stock Forecast - Market Facilitation Index
| ELK Stock | NOK 20.20 0.35 1.76% |
Elkem Stock Forecast is based on your current time horizon.
Elkem |
Most investors in Elkem ASA 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 Elkem ASA's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Elkem ASA's price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Elkem ASA Volatility | Backtest Elkem ASA | Information Ratio |
Elkem ASA Trading Date Momentum
| On June 20 2024 Elkem ASA was traded for 20.20 at the closing time. The maximum traded price for the trading interval was 20.22 and the lowest daily price was 19.80 . There was no trading activity during the period 0.0. Lack of trading volume on 20th of June 2024 did not affect price variability. The overall trading delta to the closing price today is 1.98% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for Elkem ASA
For every potential investor in Elkem, whether a beginner or expert, Elkem ASA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elkem Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elkem. Basic forecasting techniques help filter out the noise by identifying Elkem ASA's price trends.Elkem ASA 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 Elkem ASA stock to make a market-neutral strategy. Peer analysis of Elkem ASA could also be used in its relative valuation, which is a method of valuing Elkem ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elkem ASA 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 Elkem ASA'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 Elkem ASA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Elkem ASA Market Strength Events
Market strength indicators help investors to evaluate how Elkem ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elkem ASA shares will generate the highest return on investment. By undertsting and applying Elkem ASA stock market strength indicators, traders can identify Elkem ASA entry and exit signals to maximize returns.
Elkem ASA Risk Indicators
The analysis of Elkem ASA'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 Elkem ASA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elkem 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 | 1.47 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.07 |
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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Elkem ASA using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Other Information on Investing in Elkem Stock
Elkem ASA financial ratios help investors to determine whether Elkem Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elkem with respect to the benefits of owning Elkem ASA security.