Atmus Filtration Stock Forecast - Daily Balance Of Power
| ATMU Stock | 30.84 0.53 1.75% |
Atmus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Atmus Filtration stock prices and determine the direction of Atmus Filtration Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Atmus Filtration's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Atmus Filtration's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Atmus Filtration's systematic risk associated with finding meaningful patterns of Atmus Filtration fundamentals over time.
Check out Historical Fundamental Analysis of Atmus Filtration to cross-verify your projections. Atmus |
Most investors in Atmus Filtration 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 Atmus Filtration's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Atmus Filtration's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Atmus Filtration Technologies market sensitivity to bulls and bears. It estimates the ability of Atmus Filtration buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Atmus Filtration Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5974 | 0.6883 |
| Check Atmus Filtration Volatility | Backtest Atmus Filtration | Information Ratio |
Atmus Filtration Trading Date Momentum
| On June 03 2024 Atmus Filtration Technologies was traded for 30.84 at the closing time. The top price for the day was 30.91 and the lowest listed price was 30.14 . There was no trading activity during the period 0.0. Lack of trading volume on June 3, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.49% . |
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 Atmus Filtration to competition |
Other Forecasting Options for Atmus Filtration
For every potential investor in Atmus, whether a beginner or expert, Atmus Filtration's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Atmus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Atmus. Basic forecasting techniques help filter out the noise by identifying Atmus Filtration's price trends.Atmus Filtration 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 Atmus Filtration stock to make a market-neutral strategy. Peer analysis of Atmus Filtration could also be used in its relative valuation, which is a method of valuing Atmus Filtration by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atmus Filtration Tec 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 Atmus Filtration'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 Atmus Filtration's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Atmus Filtration Market Strength Events
Market strength indicators help investors to evaluate how Atmus Filtration stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Atmus Filtration shares will generate the highest return on investment. By undertsting and applying Atmus Filtration stock market strength indicators, traders can identify Atmus Filtration Technologies entry and exit signals to maximize returns.
Atmus Filtration Risk Indicators
The analysis of Atmus Filtration'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 Atmus Filtration's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atmus 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 | 1.55 | |||
| Semi Deviation | 1.79 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.75 | |||
| Downside Variance | 4.87 | |||
| Semi Variance | 3.2 | |||
| Expected Short fall | (1.77) |
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.
Pair Trading with Atmus Filtration
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 Atmus Filtration 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 Atmus Filtration will appreciate offsetting losses from the drop in the long position's value.Moving together with Atmus Stock
| 0.84 | ARQ | Arq Inc Symbol Change | PairCorr |
| 0.64 | FSS | Federal Signal | PairCorr |
Moving against Atmus Stock
| 0.88 | AZ | A2Z Smart Technologies | PairCorr |
| 0.74 | SPEC | Spectaire Holdings Symbol Change | PairCorr |
| 0.65 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.64 | LIQT | LiqTech International | PairCorr |
| 0.54 | CDTI | CDTi Advanced Materials | PairCorr |
The ability to find closely correlated positions to Atmus Filtration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmus Filtration 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 Atmus Filtration - 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 Atmus Filtration Technologies to buy it.
The correlation of Atmus Filtration 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 Atmus Filtration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmus Filtration Tec 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 Atmus Filtration 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 Atmus Filtration to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Atmus Stock analysis
When running Atmus Filtration's price analysis, check to measure Atmus Filtration'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 Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.
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Is Atmus Filtration'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 Atmus Filtration. If investors know Atmus 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 Atmus Filtration 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 (0.14) | Earnings Share 1.97 | Revenue Per Share 19.641 | Quarterly Revenue Growth 0.019 | Return On Assets 0.1514 |
The market value of Atmus Filtration Tec is measured differently than its book value, which is the value of Atmus that is recorded on the company's balance sheet. Investors also form their own opinion of Atmus Filtration's value that differs from its market value or its book value, called intrinsic value, which is Atmus Filtration'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 Atmus Filtration's market value can be influenced by many factors that don't directly affect Atmus Filtration'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 Atmus Filtration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmus Filtration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmus Filtration'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.