Millicom International Stock Forecast - Accumulation Distribution
| TIGO Stock | USD 22.61 0.19 0.83% |
Millicom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Millicom International stock prices and determine the direction of Millicom International Cellular's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Millicom International's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Millicom International's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Millicom International's systematic risk associated with finding meaningful patterns of Millicom International fundamentals over time.
Check out Historical Fundamental Analysis of Millicom International to cross-verify your projections. Millicom |
Most investors in Millicom International 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 Millicom International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Millicom International's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Millicom International is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Millicom International Cellular to determine if accumulation or reduction is taking place in the market. This value is adjusted by Millicom International trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 486.55 | 974.58 |
| Check Millicom International Volatility | Backtest Millicom International | Trend Details |
Millicom International Trading Date Momentum
| On March 14 2024 Millicom International Cellular was traded for 18.73 at the closing time. The top price for the day was 18.81 and the lowest listed price was 18.49 . The trading volume for the day was 69.6 K. The trading history from March 14, 2024 was a factor to the next trading day price boost. The trading price change against the next closing price was 1.08% . The trading delta at closing time against the current closing price is 3.45% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Millicom International
For every potential investor in Millicom, whether a beginner or expert, Millicom International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Millicom Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Millicom. Basic forecasting techniques help filter out the noise by identifying Millicom International's price trends.Millicom International 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 Millicom International stock to make a market-neutral strategy. Peer analysis of Millicom International could also be used in its relative valuation, which is a method of valuing Millicom International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Millicom International 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 Millicom International'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 Millicom International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Millicom International Market Strength Events
Market strength indicators help investors to evaluate how Millicom International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Millicom International shares will generate the highest return on investment. By undertsting and applying Millicom International stock market strength indicators, traders can identify Millicom International Cellular entry and exit signals to maximize returns.
Millicom International Risk Indicators
The analysis of Millicom International'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 Millicom International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting millicom 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 | 1.43 | |||
| Semi Deviation | 0.9539 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.48 | |||
| Downside Variance | 1.78 | |||
| Semi Variance | 0.9099 | |||
| Expected Short fall | (1.78) |
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.
Millicom International Investors Sentiment
The influence of Millicom International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Millicom. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Millicom International's public news can be used to forecast risks associated with an investment in Millicom. The trend in average sentiment can be used to explain how an investor holding Millicom can time the market purely based on public headlines and social activities around Millicom International Cellular. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Millicom International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Millicom International's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Millicom International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Millicom International.
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 Millicom International 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, Millicom International's short interest history, or implied volatility extrapolated from Millicom International options trading.
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Check out Historical Fundamental Analysis of Millicom International to cross-verify your projections. Note that the Millicom International information on this page should be used as a complementary analysis to other Millicom International's 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Millicom Stock analysis
When running Millicom International's price analysis, check to measure Millicom International'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 Millicom International is operating at the current time. Most of Millicom International's value examination focuses on studying past and present price action to predict the probability of Millicom International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millicom International's price. Additionally, you may evaluate how the addition of Millicom International to your portfolios can decrease your overall portfolio volatility.
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Is Millicom International's 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 Millicom International. If investors know Millicom 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 Millicom International 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 29.194 | Earnings Share 0.01 | Revenue Per Share 33.695 | Quarterly Revenue Growth 0.086 | Return On Assets 0.0401 |
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International's 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 Millicom International's market value can be influenced by many factors that don't directly affect Millicom International's 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 Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International's 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.