ALK Abell Stock Forecast - Potential Upside
| ALK-B Stock | DKK 125.60 0.60 0.48% |
ALK Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ALK Abell stock prices and determine the direction of ALK Abell AS's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ALK Abell's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ALK Abell to cross-verify your projections. ALK |
Most investors in ALK Abell 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 ALK Abell's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ALK Abell's price structures and extracts relationships that further increase the generated results' accuracy.
| Check ALK Abell Volatility | Backtest ALK Abell | Information Ratio |
ALK Abell Trading Date Momentum
| On April 18 2024 ALK Abell AS was traded for 125.60 at the closing time. The highest price during the trading period was 127.60 and the lowest recorded bid was listed for 123.40 . The volume for the day was 179.7 K. This history from April 18, 2024 did not affect price variability. The overall trading delta to the current price is 0.48% . |
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Other Forecasting Options for ALK Abell
For every potential investor in ALK, whether a beginner or expert, ALK Abell's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ALK Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ALK. Basic forecasting techniques help filter out the noise by identifying ALK Abell's price trends.ALK Abell 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 ALK Abell stock to make a market-neutral strategy. Peer analysis of ALK Abell could also be used in its relative valuation, which is a method of valuing ALK Abell by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ALK Abell AS 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 ALK Abell'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 ALK Abell's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ALK Abell Market Strength Events
Market strength indicators help investors to evaluate how ALK Abell stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ALK Abell shares will generate the highest return on investment. By undertsting and applying ALK Abell stock market strength indicators, traders can identify ALK Abell AS entry and exit signals to maximize returns.
| Accumulation Distribution | 5914.56 | |||
| Daily Balance Of Power | (0.14) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 125.5 | |||
| Day Typical Price | 125.53 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.60) | |||
| Relative Strength Index | 12.85 |
ALK Abell Risk Indicators
The analysis of ALK Abell'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 ALK Abell's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alk 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 | 1.34 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.67 | |||
| Downside Variance | 2.31 | |||
| Semi Variance | 1.8 | |||
| Expected Short fall | (1.67) |
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 ALK Abell 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, ALK Abell's short interest history, or implied volatility extrapolated from ALK Abell options trading.
Pair Trading with ALK Abell
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 ALK Abell 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 ALK Abell will appreciate offsetting losses from the drop in the long position's value.Moving against ALK Stock
| 0.71 | AGILC | Agillic AS | PairCorr |
| 0.68 | LUXOR-B | Investeringsselskabet | PairCorr |
| 0.52 | JDAN | Jeudan | PairCorr |
| 0.51 | AGAT | Agat Ejendomme AS | PairCorr |
The ability to find closely correlated positions to ALK Abell could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALK Abell 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 ALK Abell - 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 ALK Abell AS to buy it.
The correlation of ALK Abell 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 ALK Abell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALK Abell AS 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 ALK Abell 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 ALK Abell to cross-verify your projections. Note that the ALK Abell AS information on this page should be used as a complementary analysis to other ALK Abell'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for ALK Stock analysis
When running ALK Abell's price analysis, check to measure ALK Abell'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 ALK Abell is operating at the current time. Most of ALK Abell's value examination focuses on studying past and present price action to predict the probability of ALK Abell's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALK Abell's price. Additionally, you may evaluate how the addition of ALK Abell to your portfolios can decrease your overall portfolio volatility.
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