Precise Biometrics Stock Forecast - Day Median Price
| PREC Stock | SEK 3.36 0.09 2.75% |
Precise Stock Forecast is based on your current time horizon.
Precise |
Most investors in Precise Biometrics 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 Precise Biometrics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Precise Biometrics' price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 1.38 | 1.63 |
| Check Precise Biometrics Volatility | Backtest Precise Biometrics | Trend Details |
Precise Biometrics Trading Date Momentum
| On May 15 2024 Precise Biometrics AB was traded for 1.74 at the closing time. The highest price during the trading period was 2.00 and the lowest recorded bid was listed for 1.74 . The volume for the day was 1.5 M. This history from May 15, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.79% . The trading delta at closing time to the current price is 0.56% . |
The median price is the midpoint of the trading periods range.
| Compare Precise Biometrics to competition |
Other Forecasting Options for Precise Biometrics
For every potential investor in Precise, whether a beginner or expert, Precise Biometrics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Precise Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Precise. Basic forecasting techniques help filter out the noise by identifying Precise Biometrics' price trends.Precise Biometrics 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 Precise Biometrics stock to make a market-neutral strategy. Peer analysis of Precise Biometrics could also be used in its relative valuation, which is a method of valuing Precise Biometrics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Precise Biometrics 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 Precise Biometrics' 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 Precise Biometrics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Precise Biometrics Market Strength Events
Market strength indicators help investors to evaluate how Precise Biometrics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precise Biometrics shares will generate the highest return on investment. By undertsting and applying Precise Biometrics stock market strength indicators, traders can identify Precise Biometrics AB entry and exit signals to maximize returns.
Precise Biometrics Risk Indicators
The analysis of Precise Biometrics' 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 Precise Biometrics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting precise 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 | 8.65 | |||
| Semi Deviation | 5.34 | |||
| Standard Deviation | 13.38 | |||
| Variance | 178.96 | |||
| Downside Variance | 43.1 | |||
| Semi Variance | 28.54 | |||
| Expected Short fall | (11.29) |
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 Precise Biometrics
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 Precise Biometrics 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 Precise Biometrics will appreciate offsetting losses from the drop in the long position's value.Moving against Precise Stock
The ability to find closely correlated positions to Precise Biometrics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precise Biometrics 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 Precise Biometrics - 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 Precise Biometrics AB to buy it.
The correlation of Precise Biometrics 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 Precise Biometrics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precise Biometrics 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 Precise Biometrics 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.Additional Tools for Precise Stock Analysis
When running Precise Biometrics' price analysis, check to measure Precise Biometrics' 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 Precise Biometrics is operating at the current time. Most of Precise Biometrics' value examination focuses on studying past and present price action to predict the probability of Precise Biometrics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precise Biometrics' price. Additionally, you may evaluate how the addition of Precise Biometrics to your portfolios can decrease your overall portfolio volatility.