Nidaros Sparebank (Norway) Technical Analysis
| NISB Stock | NOK 104.00 1.00 0.95% |
As of the 22nd of January, Nidaros Sparebank secures the Downside Deviation of 1.22, mean deviation of 0.5058, and Risk Adjusted Performance of 0.0181. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nidaros Sparebank, as well as the relationship between them. Please verify Nidaros Sparebank coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if Nidaros Sparebank is priced some-what accurately, providing market reflects its recent price of 104.0 per share.
Nidaros Sparebank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nidaros, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NidarosNidaros |
Nidaros Sparebank 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.
Nidaros Sparebank Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Nidaros Sparebank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nidaros Sparebank Trend Analysis
Use this graph to draw trend lines for Nidaros Sparebank. You can use it to identify possible trend reversals for Nidaros Sparebank 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 Nidaros Sparebank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nidaros Sparebank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nidaros Sparebank applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Nidaros Sparebank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 38.53, which is the sum of squared deviations for the predicted Nidaros Sparebank price change compared to its average price change.About Nidaros Sparebank 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 Nidaros Sparebank 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 Nidaros Sparebank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nidaros Sparebank price pattern first instead of the macroeconomic environment surrounding Nidaros Sparebank. By analyzing Nidaros Sparebank'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 Nidaros Sparebank'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 Nidaros Sparebank specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nidaros Sparebank January 22, 2025 Technical Indicators
Most technical analysis of Nidaros 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 Nidaros from various momentum indicators to cycle indicators. When you analyze Nidaros 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 | 0.0181 | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 0.5058 | |||
| Semi Deviation | 0.6484 | |||
| Downside Deviation | 1.22 | |||
| Coefficient Of Variation | 5202.44 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.08 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.48 | |||
| Downside Variance | 1.48 | |||
| Semi Variance | 0.4204 | |||
| Expected Short fall | (1.26) | |||
| Skewness | 2.22 | |||
| Kurtosis | 12.74 |
Other Information on Investing in Nidaros Stock
Nidaros Sparebank financial ratios help investors to determine whether Nidaros 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 Nidaros with respect to the benefits of owning Nidaros Sparebank security.