AF Gruppen Stock Forecast - Day Typical Price
AFG Stock | NOK 143.80 0.40 0.28% |
AFG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AF Gruppen stock prices and determine the direction of AF Gruppen ASA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AF Gruppen's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of AF Gruppen to cross-verify your projections. AFG |
Most investors in AF Gruppen 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 AF Gruppen's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AF Gruppen's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.Previous Day Typical Price | Day Typical Price | Trend |
143.6 | 143.6 |
Check AF Gruppen Volatility | Backtest AF Gruppen | Information Ratio |
AF Gruppen Trading Date Momentum
On May 05 2024 AF Gruppen ASA was traded for 143.80 at the closing time. The maximum traded price for the trading interval was 145.40 and the lowest daily price was 141.60 . There was no trading activity during the period 0.0. Lack of trading volume on 5th of May 2024 did not affect price variability. The overall trading delta to the closing price today is 1.53% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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Other Forecasting Options for AF Gruppen
For every potential investor in AFG, whether a beginner or expert, AF Gruppen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AFG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AFG. Basic forecasting techniques help filter out the noise by identifying AF Gruppen's price trends.AF Gruppen 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 AF Gruppen stock to make a market-neutral strategy. Peer analysis of AF Gruppen could also be used in its relative valuation, which is a method of valuing AF Gruppen by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
AF Gruppen 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 AF Gruppen'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 AF Gruppen's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
AF Gruppen Market Strength Events
Market strength indicators help investors to evaluate how AF Gruppen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AF Gruppen shares will generate the highest return on investment. By undertsting and applying AF Gruppen stock market strength indicators, traders can identify AF Gruppen ASA entry and exit signals to maximize returns.
AF Gruppen Risk Indicators
The analysis of AF Gruppen'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 AF Gruppen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting afg 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 | 1.14 | |||
Semi Deviation | 1.13 | |||
Standard Deviation | 1.42 | |||
Variance | 2.01 | |||
Downside Variance | 2.25 | |||
Semi Variance | 1.29 | |||
Expected Short fall | (1.26) |
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 AF Gruppen 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, AF Gruppen's short interest history, or implied volatility extrapolated from AF Gruppen options trading.
Pair Trading with AF Gruppen
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 AF Gruppen 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 AF Gruppen will appreciate offsetting losses from the drop in the long position's value.Moving together with AFG Stock
0.94 | VEI | Veidekke ASA Earnings Call This Week | PairCorr |
0.77 | GOD | Goodtech | PairCorr |
Moving against AFG Stock
0.72 | YAR | Yara International ASA | PairCorr |
The ability to find closely correlated positions to AF Gruppen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AF Gruppen 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 AF Gruppen - 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 AF Gruppen ASA to buy it.
The correlation of AF Gruppen 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 AF Gruppen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AF Gruppen ASA 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 AF Gruppen 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 AF Gruppen to cross-verify your projections. Note that the AF Gruppen ASA information on this page should be used as a complementary analysis to other AF Gruppen'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for AFG Stock analysis
When running AF Gruppen's price analysis, check to measure AF Gruppen'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 AF Gruppen is operating at the current time. Most of AF Gruppen's value examination focuses on studying past and present price action to predict the probability of AF Gruppen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AF Gruppen's price. Additionally, you may evaluate how the addition of AF Gruppen to your portfolios can decrease your overall portfolio volatility.
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