Millicom International Stock Forecast - Daily Balance Of Power
| TIGO-SDB | SEK 230.00 1.80 0.79% |
Millicom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Millicom International stock prices and determine the direction of Millicom International Cellular's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Millicom International's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Millicom International to cross-verify your projections. Millicom |
Most investors in Millicom International 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 Millicom International's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Millicom International's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Millicom International Cellular market sensitivity to bulls and bears. It estimates the ability of Millicom International buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Millicom International Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.3571 | 0.6429 |
| Check Millicom International Volatility | Backtest Millicom International | Information Ratio |
Millicom International Trading Date Momentum
| On May 06 2024 Millicom International Cellular was traded for 230.00 at the closing time. The highest price during the trading period was 231.00 and the lowest recorded bid was listed for 228.20 . There was no trading activity during the period 0.0. Lack of trading volume on May 6, 2024 did not cause price change. The trading delta at closing time to the current price is 0.43% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Millicom International to competition |
Other Forecasting Options for Millicom International
For every potential investor in Millicom, whether a beginner or expert, Millicom International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Millicom Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Millicom. Basic forecasting techniques help filter out the noise by identifying Millicom International's price trends.Millicom International 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 Millicom International stock to make a market-neutral strategy. Peer analysis of Millicom International could also be used in its relative valuation, which is a method of valuing Millicom International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Millicom International 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 Millicom International'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 Millicom International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Millicom International Market Strength Events
Market strength indicators help investors to evaluate how Millicom International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Millicom International shares will generate the highest return on investment. By undertsting and applying Millicom International stock market strength indicators, traders can identify Millicom International Cellular entry and exit signals to maximize returns.
Millicom International Risk Indicators
The analysis of Millicom International'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 Millicom International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting millicom 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 | 1.2 | |||
| Semi Deviation | 0.8361 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.65 | |||
| Downside Variance | 1.37 | |||
| Semi Variance | 0.6991 | |||
| Expected Short fall | (1.50) |
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.
Currently Active Assets on Macroaxis
When determining whether Millicom International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millicom International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millicom International Cellular Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millicom International Cellular Stock:Check out Historical Fundamental Analysis of Millicom International to cross-verify your projections. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Millicom Stock analysis
When running Millicom International's price analysis, check to measure Millicom International'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 Millicom International is operating at the current time. Most of Millicom International's value examination focuses on studying past and present price action to predict the probability of Millicom International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millicom International's price. Additionally, you may evaluate how the addition of Millicom International to your portfolios can decrease your overall portfolio volatility.
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