Fortum Oyj Stock Forecast - Rate Of Daily Change
| FORTUM Stock | EUR 12.06 0.04 0.33% |
Fortum Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fortum Oyj stock prices and determine the direction of Fortum Oyj's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fortum Oyj's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Fortum Oyj to cross-verify your projections. Fortum |
Most investors in Fortum Oyj 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 Fortum Oyj's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fortum Oyj's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Fortum Oyj.| Check Fortum Oyj Volatility | Backtest Fortum Oyj | Information Ratio |
Fortum Oyj Trading Date Momentum
| On April 28 2024 Fortum Oyj was traded for 12.06 at the closing time. The highest price during the trading period was 12.29 and the lowest recorded bid was listed for 12.06 . There was no trading activity during the period 0.0. Lack of trading volume on April 28, 2024 did not affect price variability. The overall trading delta to the current price is 0.50% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Fortum Oyj to competition |
Other Forecasting Options for Fortum Oyj
For every potential investor in Fortum, whether a beginner or expert, Fortum Oyj's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fortum Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fortum. Basic forecasting techniques help filter out the noise by identifying Fortum Oyj's price trends.Fortum Oyj 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 Fortum Oyj stock to make a market-neutral strategy. Peer analysis of Fortum Oyj could also be used in its relative valuation, which is a method of valuing Fortum Oyj by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fortum Oyj 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 Fortum Oyj'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 Fortum Oyj's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fortum Oyj Market Strength Events
Market strength indicators help investors to evaluate how Fortum Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortum Oyj shares will generate the highest return on investment. By undertsting and applying Fortum Oyj stock market strength indicators, traders can identify Fortum Oyj entry and exit signals to maximize returns.
Fortum Oyj Risk Indicators
The analysis of Fortum Oyj'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 Fortum Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fortum 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 | 1.23 | |||
| Semi Deviation | 1.52 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.58 | |||
| Downside Variance | 2.57 | |||
| Semi Variance | 2.32 | |||
| Expected Short fall | (1.38) |
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 Fortum Oyj 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, Fortum Oyj's short interest history, or implied volatility extrapolated from Fortum Oyj options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Fortum Oyj to cross-verify your projections. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Fortum Stock analysis
When running Fortum Oyj's price analysis, check to measure Fortum Oyj'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 Fortum Oyj is operating at the current time. Most of Fortum Oyj's value examination focuses on studying past and present price action to predict the probability of Fortum Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortum Oyj's price. Additionally, you may evaluate how the addition of Fortum Oyj to your portfolios can decrease your overall portfolio volatility.
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