Dataproces Group Stock Forecast - Rate Of Daily Change
| DATA Stock | DKK 5.85 0.10 1.68% |
Dataproces Stock Forecast is based on your current time horizon.
Dataproces |
| Check Dataproces Group Volatility | Backtest Dataproces Group | Information Ratio |
Dataproces Group Trading Date Momentum
| On November 23 2024 Dataproces Group AS was traded for 5.85 at the closing time. The highest price during the trading period was 5.95 and the lowest recorded bid was listed for 5.55 . There was no trading activity during the period 0.0. Lack of trading volume on November 23, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Dataproces Group to competition |
Other Forecasting Options for Dataproces Group
For every potential investor in Dataproces, whether a beginner or expert, Dataproces Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dataproces Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dataproces. Basic forecasting techniques help filter out the noise by identifying Dataproces Group's price trends.Dataproces 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 Dataproces Group stock to make a market-neutral strategy. Peer analysis of Dataproces Group could also be used in its relative valuation, which is a method of valuing Dataproces Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dataproces Group 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 Dataproces 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 Dataproces Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dataproces Group Market Strength Events
Market strength indicators help investors to evaluate how Dataproces 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 Dataproces Group shares will generate the highest return on investment. By undertsting and applying Dataproces Group stock market strength indicators, traders can identify Dataproces Group AS entry and exit signals to maximize returns.
Dataproces Group Risk Indicators
The analysis of Dataproces 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 Dataproces Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dataproces 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 | 2.18 | |||
| Semi Deviation | 2.3 | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.39 | |||
| Downside Variance | 7.77 | |||
| Semi Variance | 5.29 | |||
| Expected Short fall | (2.66) |
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 Dataproces 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 Dataproces 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 Dataproces Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Dataproces Stock
Moving against Dataproces Stock
| 0.64 | AGILC | Agillic AS | PairCorr |
| 0.61 | NLFSK | Nilfisk Holding AS | PairCorr |
| 0.48 | NNIT | Nnit AS | PairCorr |
| 0.45 | WIRTEK | Wirtek AS | PairCorr |
| 0.38 | AGAT | Agat Ejendomme AS | PairCorr |
The ability to find closely correlated positions to Dataproces 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 Dataproces 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 Dataproces 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 Dataproces Group AS to buy it.
The correlation of Dataproces 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 Dataproces Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dataproces Group 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 Dataproces 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.Other Information on Investing in Dataproces Stock
Dataproces Group financial ratios help investors to determine whether Dataproces 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 Dataproces with respect to the benefits of owning Dataproces Group security.