Amgen Stock Forecast - Accumulation Distribution
AMG Stock | EUR 287.00 27.05 10.41% |
Amgen Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Amgen stock prices and determine the direction of Amgen Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Amgen's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Amgen to cross-verify your projections. Amgen |
Most investors in Amgen 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 Amgen's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Amgen's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Amgen is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Amgen Inc to determine if accumulation or reduction is taking place in the market. This value is adjusted by Amgen trading volume to give more weight to distributions with higher volume over lower volume.Previous Accumulation Distribution | Accumulation Distribution | Trend |
14.45 | 0.0271 |
Check Amgen Volatility | Backtest Amgen | Information Ratio |
Amgen Trading Date Momentum
On May 06 2024 Amgen Inc was traded for 287.00 at the closing time. The highest daily price throughout the period was 295.00 and the lowest price was 287.00 . There was no trading activity during the period 0.0. Lack of trading volume on 05/06/2024 did not affect price variability. The overall trading delta to current closing price is 2.09% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Amgen
For every potential investor in Amgen, whether a beginner or expert, Amgen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Amgen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Amgen. Basic forecasting techniques help filter out the noise by identifying Amgen's price trends.Amgen 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 Amgen stock to make a market-neutral strategy. Peer analysis of Amgen could also be used in its relative valuation, which is a method of valuing Amgen by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Amgen Inc 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 Amgen'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 Amgen's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Amgen Market Strength Events
Market strength indicators help investors to evaluate how Amgen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amgen shares will generate the highest return on investment. By undertsting and applying Amgen stock market strength indicators, traders can identify Amgen Inc entry and exit signals to maximize returns.
Amgen Risk Indicators
The analysis of Amgen'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 Amgen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amgen 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 | 1.21 | |||
Semi Deviation | 1.64 | |||
Standard Deviation | 2.02 | |||
Variance | 4.08 | |||
Downside Variance | 3.05 | |||
Semi Variance | 2.68 | |||
Expected Short fall | (1.47) |
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 Amgen 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, Amgen's short interest history, or implied volatility extrapolated from Amgen options trading.
Pair Trading with Amgen
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 Amgen 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 Amgen will appreciate offsetting losses from the drop in the long position's value.Moving together with Amgen Stock
0.65 | BAYN | Bayer AG NA | PairCorr |
Moving against Amgen Stock
0.64 | DBPE | Xtrackers LevDAX | PairCorr |
0.47 | WMC | ALUMINA LTD SP | PairCorr |
0.47 | HHX | HAMMONIA Schiffsholding | PairCorr |
0.43 | WMC1 | Alumina Limited | PairCorr |
The ability to find closely correlated positions to Amgen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amgen 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 Amgen - 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 Amgen Inc to buy it.
The correlation of Amgen 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 Amgen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amgen Inc 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 Amgen 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.Check out Historical Fundamental Analysis of Amgen to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Amgen Stock analysis
When running Amgen's price analysis, check to measure Amgen'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 Amgen is operating at the current time. Most of Amgen's value examination focuses on studying past and present price action to predict the probability of Amgen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amgen's price. Additionally, you may evaluate how the addition of Amgen to your portfolios can decrease your overall portfolio volatility.
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