Nordic Waterproofing (Sweden) Technical Analysis
| NWG Stock | SEK 172.40 2.60 1.49% |
As of the 29th of November, Nordic Waterproofing secures the Downside Deviation of 1.61, risk adjusted performance of 0.053, and Mean Deviation of 1.03. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nordic Waterproofing, as well as the relationship between them.
Nordic Waterproofing Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nordic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NordicNordic |
Nordic Waterproofing technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Nordic Waterproofing Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nordic Waterproofing volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nordic Waterproofing Trend Analysis
Use this graph to draw trend lines for Nordic Waterproofing Holding. You can use it to identify possible trend reversals for Nordic Waterproofing as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nordic Waterproofing price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nordic Waterproofing Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nordic Waterproofing Holding applied against its price change over selected period. The best fit line has a slop of 0.16 , which means Nordic Waterproofing Holding will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1023.36, which is the sum of squared deviations for the predicted Nordic Waterproofing price change compared to its average price change.About Nordic Waterproofing Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nordic Waterproofing Holding on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nordic Waterproofing Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nordic Waterproofing price pattern first instead of the macroeconomic environment surrounding Nordic Waterproofing. By analyzing Nordic Waterproofing's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nordic Waterproofing's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nordic Waterproofing specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nordic Waterproofing November 29, 2024 Technical Indicators
Most technical analysis of Nordic help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nordic from various momentum indicators to cycle indicators. When you analyze Nordic charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.053 | |||
| Market Risk Adjusted Performance | (0.43) | |||
| Mean Deviation | 1.03 | |||
| Semi Deviation | 1.3 | |||
| Downside Deviation | 1.61 | |||
| Coefficient Of Variation | 1632.64 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.84 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | 0.1387 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.44) | |||
| Maximum Drawdown | 13.84 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.77 | |||
| Downside Variance | 2.58 | |||
| Semi Variance | 1.69 | |||
| Expected Short fall | (1.34) | |||
| Skewness | 2.93 | |||
| Kurtosis | 17.93 |
Additional Tools for Nordic Stock Analysis
When running Nordic Waterproofing's price analysis, check to measure Nordic Waterproofing'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 Nordic Waterproofing is operating at the current time. Most of Nordic Waterproofing's value examination focuses on studying past and present price action to predict the probability of Nordic Waterproofing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Waterproofing's price. Additionally, you may evaluate how the addition of Nordic Waterproofing to your portfolios can decrease your overall portfolio volatility.