Elopak AS (Norway) Technical Analysis
| ELO Stock | 43.95 0.65 1.50% |
As of the 30th of November, Elopak AS shows the Mean Deviation of 1.44, coefficient of variation of 1871.0, and Downside Deviation of 1.57. Elopak AS technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elopak AS maximum drawdown, and the relationship between the information ratio and downside variance to decide if Elopak AS is priced favorably, providing market reflects its regular price of 43.95 per share.
Elopak AS Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elopak, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElopakElopak |
Elopak AS 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.
Elopak AS Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Elopak AS volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Elopak AS Trend Analysis
Use this graph to draw trend lines for Elopak AS. You can use it to identify possible trend reversals for Elopak AS 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 Elopak AS price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elopak AS Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elopak AS applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Elopak AS will continue generating value for investors. It has 122 observation points and a regression sum of squares at 43.72, which is the sum of squared deviations for the predicted Elopak AS price change compared to its average price change.About Elopak AS 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 Elopak AS 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 Elopak AS based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elopak AS price pattern first instead of the macroeconomic environment surrounding Elopak AS. By analyzing Elopak AS'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 Elopak AS'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 Elopak AS specific price patterns or momentum indicators. Please read more on our technical analysis page.
Elopak AS November 30, 2024 Technical Indicators
Most technical analysis of Elopak 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 Elopak from various momentum indicators to cycle indicators. When you analyze Elopak 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0466 | |||
| Market Risk Adjusted Performance | 0.1975 | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.5 | |||
| Downside Deviation | 1.57 | |||
| Coefficient Of Variation | 1871.0 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.17 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1875 | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.81 | |||
| Downside Variance | 2.47 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (1.74) | |||
| Skewness | 0.3232 | |||
| Kurtosis | (0.08) |
Other Information on Investing in Elopak Stock
Elopak AS financial ratios help investors to determine whether Elopak 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 Elopak with respect to the benefits of owning Elopak AS security.