Nordic Aqua (Norway) Technical Analysis
| NOAP Stock | NOK 72.50 1.50 2.03% |
As of the 27th of November, Nordic Aqua secures the Risk Adjusted Performance of (0.13), standard deviation of 2.25, and Mean Deviation of 1.47. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nordic Aqua Partners, as well as the relationship between them. Please verify Nordic Aqua Partners coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Nordic Aqua Partners is priced some-what accurately, providing market reflects its recent price of 72.5 per share.
Nordic Aqua 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 Aqua 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 Aqua Partners Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-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 Aqua Partners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nordic Aqua Partners Trend Analysis
Use this graph to draw trend lines for Nordic Aqua Partners. You can use it to identify possible trend reversals for Nordic Aqua 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 Aqua price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nordic Aqua Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nordic Aqua Partners applied against its price change over selected period. The best fit line has a slop of 0.32 , which may suggest that Nordic Aqua Partners market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3902.65, which is the sum of squared deviations for the predicted Nordic Aqua price change compared to its average price change.About Nordic Aqua 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 Aqua Partners 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 Aqua Partners based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nordic Aqua Partners price pattern first instead of the macroeconomic environment surrounding Nordic Aqua Partners. By analyzing Nordic Aqua'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 Aqua'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 Aqua specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nordic Aqua November 27, 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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| Volume Indicators |
| Risk Adjusted Performance | (0.13) | |||
| Market Risk Adjusted Performance | 8.23 | |||
| Mean Deviation | 1.47 | |||
| Coefficient Of Variation | (563.40) | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.04 | |||
| Information Ratio | (0.24) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 8.22 | |||
| Maximum Drawdown | 16.41 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.53 | |||
| Skewness | (2.38) | |||
| Kurtosis | 12.35 |
Other Information on Investing in Nordic Stock
Nordic Aqua financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Aqua security.