24SevenOffice Scandinavia Stock Forward View - Simple Regression
| 247 Stock | 10.96 1.58 12.60% |
24SevenOffice Stock outlook is based on your current time horizon.
The value of RSI of 24SevenOffice Scandinavia's stock price is slightly above 66. This suggests that the stock is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling 24SevenOffice, making its price go up or down. Momentum 66
Buy Stretched
Oversold | Overbought |
Using 24SevenOffice Scandinavia hype-based prediction, you can estimate the value of 24SevenOffice Scandinavia AB from the perspective of 24SevenOffice Scandinavia response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of 24SevenOffice Scandinavia AB on the next trading day is expected to be 9.01 with a mean absolute deviation of 0.97 and the sum of the absolute errors of 59.16. 24SevenOffice Scandinavia after-hype prediction price | SEK 10.96 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
24SevenOffice |
24SevenOffice Scandinavia Additional Predictive Modules
Most predictive techniques to examine 24SevenOffice price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for 24SevenOffice using various technical indicators. When you analyze 24SevenOffice 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
24SevenOffice Scandinavia Simple Regression Price Forecast For the 2nd of February
Given 90 days horizon, the Simple Regression forecasted value of 24SevenOffice Scandinavia AB on the next trading day is expected to be 9.01 with a mean absolute deviation of 0.97, mean absolute percentage error of 1.34, and the sum of the absolute errors of 59.16.Please note that although there have been many attempts to predict 24SevenOffice Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 24SevenOffice Scandinavia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
24SevenOffice Scandinavia Stock Forecast Pattern
24SevenOffice Scandinavia Forecasted Value
In the context of forecasting 24SevenOffice Scandinavia's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 24SevenOffice Scandinavia's downside and upside margins for the forecasting period are 4.04 and 13.97, respectively. We have considered 24SevenOffice Scandinavia's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of 24SevenOffice Scandinavia stock data series using in forecasting. Note that when a statistical model is used to represent 24SevenOffice Scandinavia stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.4048 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9698 |
| MAPE | Mean absolute percentage error | 0.1338 |
| SAE | Sum of the absolute errors | 59.1581 |
Predictive Modules for 24SevenOffice Scandinavia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 24SevenOffice Scandinavia. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.24SevenOffice Scandinavia Estimiated After-Hype Price Volatility
As far as predicting the price of 24SevenOffice Scandinavia at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in 24SevenOffice Scandinavia or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of 24SevenOffice Scandinavia, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
24SevenOffice Scandinavia Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as 24SevenOffice Scandinavia is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 24SevenOffice Scandinavia backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with 24SevenOffice Scandinavia, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.93 | 4.97 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
10.96 | 10.96 | 0.00 |
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24SevenOffice Scandinavia Hype Timeline
24SevenOffice Scandinavia is presently traded for 10.96on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. 24SevenOffice is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is presently at 0.93%. %. The volatility of related hype on 24SevenOffice Scandinavia is about 0.0%, with the expected price after the next announcement by competition of 10.96. The company had not issued any dividends in recent years. Assuming the 90 days trading horizon the next forecasted press release will be in 5 to 10 days. Check out fundamental analysis of 24SevenOffice Scandinavia to check your projections.24SevenOffice Scandinavia Related Hype Analysis
Having access to credible news sources related to 24SevenOffice Scandinavia's direct competition is more important than ever and may enhance your ability to predict 24SevenOffice Scandinavia's future price movements. Getting to know how 24SevenOffice Scandinavia's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how 24SevenOffice Scandinavia may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| FPIP | FormPipe Software AB | 0.00 | 0 per month | 0.00 | (0.07) | 2.66 | (3.23) | 15.62 | |
| UPSALE | Upsales Technology AB | 0.00 | 0 per month | 0.00 | (0.07) | 3.77 | (2.89) | 8.32 | |
| AVT-B | AVTECH Sweden AB | 0.00 | 0 per month | 0.00 | (0.15) | 4.17 | (4.63) | 20.07 | |
| LIME | Lime Technologies AB | 0.00 | 0 per month | 0.00 | (0.25) | 2.56 | (3.58) | 11.48 | |
| SHOT | Scandic Hotels Group | 0.00 | 0 per month | 2.22 | 0.02 | 2.94 | (3.36) | 15.99 | |
| JLT | JLT Mobile Computers | 0.00 | 0 per month | 0.00 | (0.03) | 3.95 | (4.46) | 18.36 | |
| ITECH | I Tech | 0.00 | 0 per month | 0.00 | (0.17) | 3.14 | (5.00) | 17.87 |
Other Forecasting Options for 24SevenOffice Scandinavia
For every potential investor in 24SevenOffice, whether a beginner or expert, 24SevenOffice Scandinavia's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 24SevenOffice Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 24SevenOffice. Basic forecasting techniques help filter out the noise by identifying 24SevenOffice Scandinavia's price trends.24SevenOffice Scandinavia 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 24SevenOffice Scandinavia stock to make a market-neutral strategy. Peer analysis of 24SevenOffice Scandinavia could also be used in its relative valuation, which is a method of valuing 24SevenOffice Scandinavia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
24SevenOffice Scandinavia Market Strength Events
Market strength indicators help investors to evaluate how 24SevenOffice Scandinavia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 24SevenOffice Scandinavia shares will generate the highest return on investment. By undertsting and applying 24SevenOffice Scandinavia stock market strength indicators, traders can identify 24SevenOffice Scandinavia AB entry and exit signals to maximize returns.
24SevenOffice Scandinavia Risk Indicators
The analysis of 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 24sevenoffice 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 | 3.55 | |||
| Semi Deviation | 2.96 | |||
| Standard Deviation | 5.24 | |||
| Variance | 27.42 | |||
| Downside Variance | 13.15 | |||
| Semi Variance | 8.74 | |||
| Expected Short fall | (4.36) |
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.
Story Coverage note for 24SevenOffice Scandinavia
The number of cover stories for 24SevenOffice Scandinavia depends on current market conditions and 24SevenOffice Scandinavia's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that 24SevenOffice Scandinavia is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about 24SevenOffice Scandinavia's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for 24SevenOffice Stock Analysis
When running 24SevenOffice Scandinavia's price analysis, check to measure 24SevenOffice Scandinavia'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 24SevenOffice Scandinavia is operating at the current time. Most of 24SevenOffice Scandinavia's value examination focuses on studying past and present price action to predict the probability of 24SevenOffice Scandinavia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 24SevenOffice Scandinavia's price. Additionally, you may evaluate how the addition of 24SevenOffice Scandinavia to your portfolios can decrease your overall portfolio volatility.