Addnode Group (Sweden) Volatility Indicators True Range

ANOD-B Stock  SEK 114.60  0.20  0.17%   
Addnode Group volatility indicators tool provides the execution environment for running the True Range indicator and other technical functions against Addnode Group. Addnode Group value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of volatility indicators indicators. As with most other technical indicators, the True Range indicator function is designed to identify and follow existing trends. Addnode Group volatility indicators enable investors to predict price movements based on how different True Range indicators change over time.

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Addnode Group AB volatility developed by Welles Wilder.

Addnode Group Technical Analysis Modules

Most technical analysis of Addnode Group help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Addnode from various momentum indicators to cycle indicators. When you analyze Addnode charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Addnode Group Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Addnode Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Addnode Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Addnode Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Addnode Group's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Addnode Group's intrinsic value. In addition to deriving basic predictive indicators for Addnode Group, we also check how macroeconomic factors affect Addnode Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addnode Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
112.37114.60116.83
Details
Intrinsic
Valuation
LowRealHigh
104.48106.71126.06
Details
Naive
Forecast
LowNextHigh
111.64113.87116.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
106.28114.22122.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Addnode Group. Your research has to be compared to or analyzed against Addnode Group's peers to derive any actionable benefits. When done correctly, Addnode Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Addnode Group AB.

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Addnode Group AB pair trading

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 Addnode Group 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 Addnode Group will appreciate offsetting losses from the drop in the long position's value.

Addnode Group Pair Trading

Addnode Group AB Pair Trading Analysis

The ability to find closely correlated positions to Addnode Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addnode Group 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 Addnode Group - 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 Addnode Group AB to buy it.
The correlation of Addnode Group 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 Addnode Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addnode Group 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 Addnode Group 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addnode Group AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Addnode Stock analysis

When running Addnode Group's price analysis, check to measure Addnode Group'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 Addnode Group is operating at the current time. Most of Addnode Group's value examination focuses on studying past and present price action to predict the probability of Addnode Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addnode Group's price. Additionally, you may evaluate how the addition of Addnode Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Addnode Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addnode Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addnode Group'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.