Dometic Group Stock Forecast - Daily Balance Of Power
| DOM Stock | SEK 82.90 0.45 0.55% |
Dometic Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dometic Group stock prices and determine the direction of Dometic Group AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dometic Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Dometic Group to cross-verify your projections. Dometic |
Most investors in Dometic Group 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 Dometic Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dometic Group's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Dometic Group AB market sensitivity to bulls and bears. It estimates the ability of Dometic Group buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Dometic Group Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5217 | 0.4091 |
| Check Dometic Group Volatility | Backtest Dometic Group | Information Ratio |
Dometic Group Trading Date Momentum
| On May 20 2024 Dometic Group AB was traded for 82.90 at the closing time. The maximum traded price for the trading interval was 83.25 and the lowest daily price was 82.15 . The daily volume was recorded at 320.8 K. The volume of trading on 20th of May 2024 did not affect price variability. The overall trading delta to the closing price today is 0.54% . |
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.
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Other Forecasting Options for Dometic Group
For every potential investor in Dometic, whether a beginner or expert, Dometic Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dometic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dometic. Basic forecasting techniques help filter out the noise by identifying Dometic Group's price trends.Dometic Group 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 Dometic Group stock to make a market-neutral strategy. Peer analysis of Dometic Group could also be used in its relative valuation, which is a method of valuing Dometic Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dometic Group AB 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 Dometic Group'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 Dometic Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dometic Group Market Strength Events
Market strength indicators help investors to evaluate how Dometic Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dometic Group shares will generate the highest return on investment. By undertsting and applying Dometic Group stock market strength indicators, traders can identify Dometic Group AB entry and exit signals to maximize returns.
| Accumulation Distribution | 4239.17 | |||
| Daily Balance Of Power | 0.4091 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 82.7 | |||
| Day Typical Price | 82.77 | |||
| Price Action Indicator | 0.43 | |||
| Period Momentum Indicator | 0.45 |
Dometic Group Risk Indicators
The analysis of Dometic Group'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 Dometic Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dometic 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 | 1.36 | |||
| Semi Deviation | 2.09 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.53 | |||
| Downside Variance | 4.77 | |||
| Semi Variance | 4.36 | |||
| Expected Short fall | (1.33) |
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 Dometic Group
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 Dometic 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 Dometic Group will appreciate offsetting losses from the drop in the long position's value.Moving against Dometic Stock
| 0.44 | SEB-C | Skandinaviska Enskilda Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Dometic 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 Dometic 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 Dometic 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 Dometic Group AB to buy it.
The correlation of Dometic 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 Dometic Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dometic 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 Dometic 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.Check out Historical Fundamental Analysis of Dometic Group to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Dometic Stock analysis
When running Dometic Group's price analysis, check to measure Dometic 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 Dometic Group is operating at the current time. Most of Dometic Group's value examination focuses on studying past and present price action to predict the probability of Dometic 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 Dometic Group's price. Additionally, you may evaluate how the addition of Dometic Group to your portfolios can decrease your overall portfolio volatility.
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