SK Telecom Stock Forecast - Price Action Indicator
| SKM Stock | USD 20.80 0.15 0.73% |
SKM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SK Telecom stock prices and determine the direction of SK Telecom Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SK Telecom's historical fundamentals, such as revenue growth or operating cash flow patterns. Although SK Telecom's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of SK Telecom's systematic risk associated with finding meaningful patterns of SK Telecom fundamentals over time.
Check out Historical Fundamental Analysis of SK Telecom to cross-verify your projections. SKM |
Open Interest Against 2024-05-17 SKM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast SK Telecom's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in SK Telecom's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for SK Telecom stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current SK Telecom's open interest, investors have to compare it to SK Telecom's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of SK Telecom is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in SKM. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in SK Telecom 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 SK Telecom's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets SK Telecom's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check SK Telecom Volatility | Backtest SK Telecom | Information Ratio |
SK Telecom Trading Date Momentum
| On May 03 2024 SK Telecom Co was traded for 20.80 at the closing time. Highest SK Telecom's price during the trading hours was 20.80 and the lowest price during the day was 20.46 . There was no trading activity during the period 0.0. Lack of trading volume on the 3rd of May did not result in any price rise and fall. The trading price change to current price is 0.72% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare SK Telecom to competition |
Other Forecasting Options for SK Telecom
For every potential investor in SKM, whether a beginner or expert, SK Telecom's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SKM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SKM. Basic forecasting techniques help filter out the noise by identifying SK Telecom's price trends.SK Telecom 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 SK Telecom stock to make a market-neutral strategy. Peer analysis of SK Telecom could also be used in its relative valuation, which is a method of valuing SK Telecom by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SK Telecom 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 SK Telecom'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 SK Telecom's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SK Telecom Market Strength Events
Market strength indicators help investors to evaluate how SK Telecom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SK Telecom shares will generate the highest return on investment. By undertsting and applying SK Telecom stock market strength indicators, traders can identify SK Telecom Co entry and exit signals to maximize returns.
SK Telecom Risk Indicators
The analysis of SK Telecom'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 SK Telecom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skm 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 | 0.7782 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.18 |
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.
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Check out Historical Fundamental Analysis of SK Telecom to cross-verify your projections. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for SKM Stock analysis
When running SK Telecom's price analysis, check to measure SK Telecom'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 SK Telecom is operating at the current time. Most of SK Telecom's value examination focuses on studying past and present price action to predict the probability of SK Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SK Telecom's price. Additionally, you may evaluate how the addition of SK Telecom to your portfolios can decrease your overall portfolio volatility.
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Is SK Telecom's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SK Telecom. If investors know SKM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SK Telecom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 3.5 K | Earnings Share 1.98 | Revenue Per Share 45.1 K | Quarterly Revenue Growth 0.03 |
The market value of SK Telecom is measured differently than its book value, which is the value of SKM that is recorded on the company's balance sheet. Investors also form their own opinion of SK Telecom's value that differs from its market value or its book value, called intrinsic value, which is SK Telecom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SK Telecom's market value can be influenced by many factors that don't directly affect SK Telecom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SK Telecom's value and its price as these two are different measures arrived at by different means. Investors typically determine if SK Telecom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SK Telecom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.