Diamyd Medical Stock Forecast - Day Typical Price
| DMYD-B Stock | SEK 11.16 0.46 4.30% |
Diamyd Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Diamyd Medical stock prices and determine the direction of Diamyd Medical AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Diamyd Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Diamyd Medical to cross-verify your projections. Diamyd |
Most investors in Diamyd Medical 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 Diamyd Medical's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Diamyd Medical'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 |
| 10.83 | 10.99 |
| Check Diamyd Medical Volatility | Backtest Diamyd Medical | Information Ratio |
Diamyd Medical Trading Date Momentum
| On May 03 2024 Diamyd Medical AB was traded for 11.16 at the closing time. The highest price during the trading period was 11.20 and the lowest recorded bid was listed for 10.62 . The volume for the day was 76.9 K. This history from May 3, 2024 did not affect price variability. The overall trading delta to the current price is 3.94% . |
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 Diamyd Medical to competition |
Other Forecasting Options for Diamyd Medical
For every potential investor in Diamyd, whether a beginner or expert, Diamyd Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Diamyd Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Diamyd. Basic forecasting techniques help filter out the noise by identifying Diamyd Medical's price trends.Diamyd Medical 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 Diamyd Medical stock to make a market-neutral strategy. Peer analysis of Diamyd Medical could also be used in its relative valuation, which is a method of valuing Diamyd Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Diamyd Medical 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 Diamyd Medical'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 Diamyd Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Diamyd Medical Market Strength Events
Market strength indicators help investors to evaluate how Diamyd Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diamyd Medical shares will generate the highest return on investment. By undertsting and applying Diamyd Medical stock market strength indicators, traders can identify Diamyd Medical AB entry and exit signals to maximize returns.
| Accumulation Distribution | 3979.78 | |||
| Daily Balance Of Power | 0.7931 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 10.91 | |||
| Day Typical Price | 10.99 | |||
| Price Action Indicator | 0.48 | |||
| Period Momentum Indicator | 0.46 |
Diamyd Medical Risk Indicators
The analysis of Diamyd Medical'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 Diamyd Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting diamyd 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 | 3.21 | |||
| Semi Deviation | 3.03 | |||
| Standard Deviation | 5.11 | |||
| Variance | 26.16 | |||
| Downside Variance | 13.47 | |||
| Semi Variance | 9.17 | |||
| Expected Short fall | (4.31) |
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 Diamyd Medical 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, Diamyd Medical's short interest history, or implied volatility extrapolated from Diamyd Medical options trading.
Pair Trading with Diamyd Medical
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 Diamyd Medical 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 Diamyd Medical will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Diamyd Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamyd Medical 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 Diamyd Medical - 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 Diamyd Medical AB to buy it.
The correlation of Diamyd Medical 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 Diamyd Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamyd Medical 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 Diamyd Medical 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 Diamyd Medical to cross-verify your projections. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Diamyd Stock analysis
When running Diamyd Medical's price analysis, check to measure Diamyd Medical'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 Diamyd Medical is operating at the current time. Most of Diamyd Medical's value examination focuses on studying past and present price action to predict the probability of Diamyd Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamyd Medical's price. Additionally, you may evaluate how the addition of Diamyd Medical to your portfolios can decrease your overall portfolio volatility.
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