IMPERIAL TOBACCO Stock Forecast - Rate Of Daily Change
| ITB Stock | EUR 23.41 0.13 0.56% |
IMPERIAL Stock Forecast is based on your current time horizon.
IMPERIAL |
Most investors in IMPERIAL TOBACCO 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 IMPERIAL TOBACCO's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets IMPERIAL TOBACCO's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of IMPERIAL TOBACCO.| Check IMPERIAL TOBACCO Volatility | Backtest IMPERIAL TOBACCO | Information Ratio |
IMPERIAL TOBACCO Trading Date Momentum
| On June 17 2024 IMPERIAL TOBACCO was traded for 23.41 at the closing time. The maximum traded price for the trading interval was 23.52 and the lowest daily price was 23.36 . There was no trading activity during the period 0.0. Lack of trading volume on 17th of June 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.21% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare IMPERIAL TOBACCO to competition |
Other Forecasting Options for IMPERIAL TOBACCO
For every potential investor in IMPERIAL, whether a beginner or expert, IMPERIAL TOBACCO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IMPERIAL Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IMPERIAL. Basic forecasting techniques help filter out the noise by identifying IMPERIAL TOBACCO's price trends.IMPERIAL TOBACCO 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 IMPERIAL TOBACCO stock to make a market-neutral strategy. Peer analysis of IMPERIAL TOBACCO could also be used in its relative valuation, which is a method of valuing IMPERIAL TOBACCO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IMPERIAL TOBACCO 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 IMPERIAL TOBACCO'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 IMPERIAL TOBACCO's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IMPERIAL TOBACCO Market Strength Events
Market strength indicators help investors to evaluate how IMPERIAL TOBACCO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IMPERIAL TOBACCO shares will generate the highest return on investment. By undertsting and applying IMPERIAL TOBACCO stock market strength indicators, traders can identify IMPERIAL TOBACCO entry and exit signals to maximize returns.
IMPERIAL TOBACCO Risk Indicators
The analysis of IMPERIAL TOBACCO'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 IMPERIAL TOBACCO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting imperial 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 | 0.9317 | |||
| Semi Deviation | 1.17 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.82 | |||
| Downside Variance | 1.93 | |||
| Semi Variance | 1.36 | |||
| Expected Short fall | (0.98) |
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 IMPERIAL TOBACCO
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 IMPERIAL TOBACCO 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 IMPERIAL TOBACCO will appreciate offsetting losses from the drop in the long position's value.Moving together with IMPERIAL Stock
| 0.87 | APC | Apple Inc | PairCorr |
| 0.88 | APC | Apple Inc | PairCorr |
| 0.87 | APC | Apple Inc | PairCorr |
| 0.88 | APC | Apple Inc | PairCorr |
Moving against IMPERIAL Stock
| 0.86 | PQ9 | BANK MANDIRI | PairCorr |
| 0.82 | BYRA | PT Bank Rakyat | PairCorr |
| 0.78 | PQ9 | BANK MANDIRI | PairCorr |
| 0.73 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.64 | PTI | Perusahaan Perseroan | PairCorr |
The ability to find closely correlated positions to IMPERIAL TOBACCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IMPERIAL TOBACCO 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 IMPERIAL TOBACCO - 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 IMPERIAL TOBACCO to buy it.
The correlation of IMPERIAL TOBACCO 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 IMPERIAL TOBACCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IMPERIAL TOBACCO 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 IMPERIAL TOBACCO 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.Additional Tools for IMPERIAL Stock Analysis
When running IMPERIAL TOBACCO's price analysis, check to measure IMPERIAL TOBACCO'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 IMPERIAL TOBACCO is operating at the current time. Most of IMPERIAL TOBACCO's value examination focuses on studying past and present price action to predict the probability of IMPERIAL TOBACCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IMPERIAL TOBACCO's price. Additionally, you may evaluate how the addition of IMPERIAL TOBACCO to your portfolios can decrease your overall portfolio volatility.