Melhus Sparebank Stock Forecast - Period Momentum Indicator
| MELG Stock | NOK 153.80 0.20 0.13% |
Melhus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Melhus Sparebank stock prices and determine the direction of Melhus Sparebank's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Melhus Sparebank's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Melhus Sparebank to cross-verify your projections. Melhus |
Most investors in Melhus Sparebank 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 Melhus Sparebank's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Melhus Sparebank's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Melhus Sparebank Volatility | Backtest Melhus Sparebank | Trend Details |
Melhus Sparebank Trading Date Momentum
| On August 22 2023 Melhus Sparebank was traded for 148.10 at the closing time. The highest price during the trading period was 161.00 and the lowest recorded bid was listed for 148.10 . The volume for the day was 538. This history from August 22, 2023 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 1.26% . The trading delta at closing time to the current price is 8.03% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Melhus Sparebank
For every potential investor in Melhus, whether a beginner or expert, Melhus Sparebank's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Melhus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Melhus. Basic forecasting techniques help filter out the noise by identifying Melhus Sparebank's price trends.Melhus Sparebank 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 Melhus Sparebank stock to make a market-neutral strategy. Peer analysis of Melhus Sparebank could also be used in its relative valuation, which is a method of valuing Melhus Sparebank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Melhus Sparebank 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 Melhus Sparebank'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 Melhus Sparebank's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Melhus Sparebank Market Strength Events
Market strength indicators help investors to evaluate how Melhus Sparebank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melhus Sparebank shares will generate the highest return on investment. By undertsting and applying Melhus Sparebank stock market strength indicators, traders can identify Melhus Sparebank entry and exit signals to maximize returns.
Melhus Sparebank Risk Indicators
The analysis of Melhus Sparebank'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 Melhus Sparebank's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting melhus 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 | 0.6064 | |||
| Semi Deviation | 0.7594 | |||
| Standard Deviation | 0.95 | |||
| Variance | 0.9026 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 0.5766 | |||
| Expected Short fall | (1.01) |
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.
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Melhus Sparebank using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Other Information on Investing in Melhus Stock
Melhus Sparebank financial ratios help investors to determine whether Melhus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Melhus with respect to the benefits of owning Melhus Sparebank security.