Alten SA Stock Forecast - Period Momentum Indicator
| AN3 Stock | EUR 110.20 0.10 0.09% |
Alten Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alten SA stock prices and determine the direction of Alten SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Alten SA's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Alten SA to cross-verify your projections. Alten |
Most investors in Alten SA 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 Alten SA's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Alten SA's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Alten SA Volatility | Backtest Alten SA | Information Ratio |
Alten SA Trading Date Momentum
| On May 02 2024 Alten SA was traded for 110.20 at the closing time. The highest daily price throughout the period was 110.80 and the lowest price was 110.20 . The daily volume was 155. The net trading volume on 05/02/2024 did not affect price variability. The overall trading delta to current closing price is 0.45% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Alten SA to competition |
Other Forecasting Options for Alten SA
For every potential investor in Alten, whether a beginner or expert, Alten SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alten Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alten. Basic forecasting techniques help filter out the noise by identifying Alten SA's price trends.Alten SA 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 Alten SA stock to make a market-neutral strategy. Peer analysis of Alten SA could also be used in its relative valuation, which is a method of valuing Alten SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alten SA 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 Alten SA'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 Alten SA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alten SA Market Strength Events
Market strength indicators help investors to evaluate how Alten SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alten SA shares will generate the highest return on investment. By undertsting and applying Alten SA stock market strength indicators, traders can identify Alten SA entry and exit signals to maximize returns.
Alten SA Risk Indicators
The analysis of Alten SA'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 Alten SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alten 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 | 1.22 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.51 |
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 Alten SA
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 Alten SA 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 Alten SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Alten Stock
| 0.78 | CSA | Accenture plc | PairCorr |
| 0.78 | IOY | Infosys Limited | PairCorr |
Moving against Alten Stock
| 0.78 | W5E | Peel Mining Limited | PairCorr |
| 0.6 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.53 | RNF | Meteoric Resources | PairCorr |
| 0.52 | 4OV | Iron Road Limited | PairCorr |
The ability to find closely correlated positions to Alten SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alten SA 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 Alten SA - 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 Alten SA to buy it.
The correlation of Alten SA 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 Alten SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alten SA 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 Alten SA 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 Alten SA to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Alten Stock analysis
When running Alten SA's price analysis, check to measure Alten SA'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 Alten SA is operating at the current time. Most of Alten SA's value examination focuses on studying past and present price action to predict the probability of Alten SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alten SA's price. Additionally, you may evaluate how the addition of Alten SA to your portfolios can decrease your overall portfolio volatility.
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