Beijer Alma Stock Forecast - Day Typical Price
| BEIA-B Stock | SEK 208.00 2.00 0.95% |
Beijer Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beijer Alma stock prices and determine the direction of Beijer Alma AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beijer Alma's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Beijer Alma to cross-verify your projections. Beijer |
Most investors in Beijer Alma 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 Beijer Alma's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Beijer Alma'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 |
| 209.33 | 209.33 |
| Check Beijer Alma Volatility | Backtest Beijer Alma | Information Ratio |
Beijer Alma Trading Date Momentum
| On May 03 2024 Beijer Alma AB was traded for 208.00 at the closing time. The highest price during the trading period was 212.00 and the lowest recorded bid was listed for 208.00 . There was no trading activity during the period 0.0. Lack of trading volume on May 3, 2024 did not affect price variability. The overall trading delta to the current price is 1.20% . |
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.
| Compare Beijer Alma to competition |
Other Forecasting Options for Beijer Alma
For every potential investor in Beijer, whether a beginner or expert, Beijer Alma's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beijer Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beijer. Basic forecasting techniques help filter out the noise by identifying Beijer Alma's price trends.Beijer Alma 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 Beijer Alma stock to make a market-neutral strategy. Peer analysis of Beijer Alma could also be used in its relative valuation, which is a method of valuing Beijer Alma by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Beijer Alma AB 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 Beijer Alma'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 Beijer Alma's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beijer Alma Market Strength Events
Market strength indicators help investors to evaluate how Beijer Alma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beijer Alma shares will generate the highest return on investment. By undertsting and applying Beijer Alma stock market strength indicators, traders can identify Beijer Alma AB entry and exit signals to maximize returns.
Beijer Alma Risk Indicators
The analysis of Beijer Alma'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 Beijer Alma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beijer 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 | 1.55 | |||
| Semi Deviation | 1.74 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.86 | |||
| Downside Variance | 3.5 | |||
| Semi Variance | 3.04 | |||
| Expected Short fall | (1.74) |
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 Beijer Alma
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 Beijer Alma 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 Beijer Alma will appreciate offsetting losses from the drop in the long position's value.Moving together with Beijer Stock
| 0.69 | ALFA | Alfa Laval AB | PairCorr |
| 0.72 | BEIJ-B | Beijer Ref AB | PairCorr |
Moving against Beijer Stock
| 0.54 | EVO | Evolution AB | PairCorr |
| 0.45 | VIT-B | Vitec Software Group | PairCorr |
The ability to find closely correlated positions to Beijer Alma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beijer Alma 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 Beijer Alma - 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 Beijer Alma AB to buy it.
The correlation of Beijer Alma 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 Beijer Alma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beijer Alma AB 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 Beijer Alma 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 Beijer Alma to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Beijer Stock analysis
When running Beijer Alma's price analysis, check to measure Beijer Alma'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 Beijer Alma is operating at the current time. Most of Beijer Alma's value examination focuses on studying past and present price action to predict the probability of Beijer Alma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beijer Alma's price. Additionally, you may evaluate how the addition of Beijer Alma to your portfolios can decrease your overall portfolio volatility.
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