NAXS Nordic (Sweden) Statistic Functions Beta

NAXS Stock  SEK 51.80  0.40  0.78%   
NAXS Nordic statistic functions tool provides the execution environment for running the Beta function and other technical functions against NAXS Nordic. NAXS Nordic value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. NAXS Nordic statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on NAXS Nordic Access correlated with the market. If Beta is less than 0 NAXS Nordic generally moves in the opposite direction as compared to the market. If NAXS Nordic Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NAXS Nordic Access is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NAXS Nordic is generally in the same direction as the market. If Beta > 1 NAXS Nordic moves generally in the same direction as, but more than the movement of the benchmark.

NAXS Nordic Technical Analysis Modules

Most technical analysis of NAXS 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 NAXS from various momentum indicators to cycle indicators. When you analyze NAXS charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About NAXS Nordic Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NAXS Nordic Access. We use our internally-developed statistical techniques to arrive at the intrinsic value of NAXS Nordic Access based on widely used predictive technical indicators. In general, we focus on analyzing NAXS Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NAXS Nordic's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of NAXS Nordic's intrinsic value. In addition to deriving basic predictive indicators for NAXS Nordic, we also check how macroeconomic factors affect NAXS Nordic price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
50.7551.8052.85
Details
Intrinsic
Valuation
LowRealHigh
46.6253.6054.65
Details
Naive
Forecast
LowNextHigh
51.8852.9353.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
50.8553.0155.17
Details

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Additional Tools for NAXS Stock Analysis

When running NAXS Nordic's price analysis, check to measure NAXS Nordic'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 NAXS Nordic is operating at the current time. Most of NAXS Nordic's value examination focuses on studying past and present price action to predict the probability of NAXS Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NAXS Nordic's price. Additionally, you may evaluate how the addition of NAXS Nordic to your portfolios can decrease your overall portfolio volatility.