Okeanis Eco (Norway) Technical Analysis
| OET Stock | NOK 242.00 1.00 0.41% |
As of the 4th of December, Okeanis Eco holds the Variance of 5.41, coefficient of variation of (636.44), and Risk Adjusted Performance of (0.11). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okeanis Eco, as well as the relationship between them. Please check Okeanis Eco Tankers information ratio, as well as the relationship between the value at risk and kurtosis to decide if Okeanis Eco Tankers is priced some-what accurately, providing market reflects its current price of 242.0 per share.
Okeanis Eco Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Okeanis, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OkeanisOkeanis |
Okeanis Eco 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.
Okeanis Eco Tankers Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-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 Okeanis Eco Tankers volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Okeanis Eco Tankers Trend Analysis
Use this graph to draw trend lines for Okeanis Eco Tankers. You can use it to identify possible trend reversals for Okeanis Eco 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 Okeanis Eco price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Okeanis Eco Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Okeanis Eco Tankers applied against its price change over selected period. The best fit line has a slop of 2.1 , which may suggest that Okeanis Eco Tankers market price will keep on failing further. It has 122 observation points and a regression sum of squares at 167002.32, which is the sum of squared deviations for the predicted Okeanis Eco price change compared to its average price change.About Okeanis Eco 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 Okeanis Eco Tankers 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 Okeanis Eco Tankers based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Okeanis Eco Tankers price pattern first instead of the macroeconomic environment surrounding Okeanis Eco Tankers. By analyzing Okeanis Eco'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 Okeanis Eco'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 Okeanis Eco specific price patterns or momentum indicators. Please read more on our technical analysis page.
Okeanis Eco December 4, 2024 Technical Indicators
Most technical analysis of Okeanis 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 Okeanis from various momentum indicators to cycle indicators. When you analyze Okeanis 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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| Math Transform | ||
| Momentum Indicators | ||
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| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | 4.52 | |||
| Mean Deviation | 1.74 | |||
| Coefficient Of Variation | (636.44) | |||
| Standard Deviation | 2.33 | |||
| Variance | 5.41 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 4.51 | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 3.41 | |||
| Skewness | (0.15) | |||
| Kurtosis | 0.9097 |
Additional Information and Resources on Investing in Okeanis Stock
When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.