Scandinavian Tobacco Stock Forecast - Market Facilitation Index
| STG Stock | DKK 94.50 0.50 0.53% |
Scandinavian Stock Forecast is based on your current time horizon.
Scandinavian |
| Check Scandinavian Tobacco Volatility | Backtest Scandinavian Tobacco | Information Ratio |
Scandinavian Tobacco Trading Date Momentum
| On December 23 2024 Scandinavian Tobacco Group was traded for 94.50 at the closing time. The maximum traded price for the trading interval was 95.20 and the lowest daily price was 93.60 . The daily volume was recorded at 90.7 K. The volume of trading on 23rd of December 2024 did not result in any price rise and fall. The trading price change to the closing price today is 0.53% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Scandinavian Tobacco to competition |
Other Forecasting Options for Scandinavian Tobacco
For every potential investor in Scandinavian, whether a beginner or expert, Scandinavian Tobacco's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Scandinavian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Scandinavian. Basic forecasting techniques help filter out the noise by identifying Scandinavian Tobacco's price trends.Scandinavian Tobacco 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 Scandinavian Tobacco stock to make a market-neutral strategy. Peer analysis of Scandinavian Tobacco could also be used in its relative valuation, which is a method of valuing Scandinavian Tobacco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Scandinavian Tobacco 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 Scandinavian Tobacco'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 Scandinavian Tobacco's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Scandinavian Tobacco Market Strength Events
Market strength indicators help investors to evaluate how Scandinavian Tobacco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Scandinavian Tobacco shares will generate the highest return on investment. By undertsting and applying Scandinavian Tobacco stock market strength indicators, traders can identify Scandinavian Tobacco Group entry and exit signals to maximize returns.
| Accumulation Distribution | 1524.94 | |||
| Daily Balance Of Power | 0.3125 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 94.4 | |||
| Day Typical Price | 94.43 | |||
| Price Action Indicator | 0.35 | |||
| Period Momentum Indicator | 0.5 |
Scandinavian Tobacco Risk Indicators
The analysis of Scandinavian Tobacco'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 Scandinavian Tobacco's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting scandinavian 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 | 0.768 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.86 |
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 Scandinavian Tobacco
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 Scandinavian Tobacco 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 Scandinavian Tobacco will appreciate offsetting losses from the drop in the long position's value.Moving against Scandinavian Stock
| 0.86 | NETC | Netcompany Group | PairCorr |
| 0.86 | HAIDKOBL | Handelsinvest Danske | PairCorr |
| 0.84 | MAERSK-A | AP Mller | PairCorr |
| 0.84 | MAERSK-B | AP Mller | PairCorr |
| 0.82 | LEDIBOND | LED iBond International | PairCorr |
The ability to find closely correlated positions to Scandinavian Tobacco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandinavian Tobacco 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 Scandinavian Tobacco - 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 Scandinavian Tobacco Group to buy it.
The correlation of Scandinavian Tobacco 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 Scandinavian Tobacco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandinavian Tobacco 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 Scandinavian Tobacco 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.Other Information on Investing in Scandinavian Stock
Scandinavian Tobacco financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Tobacco security.