Nordon Indstrias (Brazil) Technical Analysis
| NORD3 Stock | BRL 6.96 0.19 2.66% |
As of the 26th of November, Nordon Indstrias secures the Mean Deviation of 3.77, risk adjusted performance of (0.04), and Standard Deviation of 6.43. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nordon Indstrias Met, as well as the relationship between them. Please verify Nordon Indstrias Met coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Nordon Indstrias Metalrgicas is priced some-what accurately, providing market reflects its recent price of 6.96 per share.
Nordon Indstrias Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nordon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NordonNordon |
Nordon Indstrias 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.
Nordon Indstrias Met 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 Nordon Indstrias Met volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nordon Indstrias Met Trend Analysis
Use this graph to draw trend lines for Nordon Indstrias Metalrgicas. You can use it to identify possible trend reversals for Nordon Indstrias 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 Nordon Indstrias price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nordon Indstrias Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nordon Indstrias Metalrgicas applied against its price change over selected period. The best fit line has a slop of 0.1 , which may suggest that Nordon Indstrias Metalrgicas market price will keep on failing further. It has 122 observation points and a regression sum of squares at 347.64, which is the sum of squared deviations for the predicted Nordon Indstrias price change compared to its average price change.About Nordon Indstrias 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 Nordon Indstrias Metalrgicas 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 Nordon Indstrias Metalrgicas based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nordon Indstrias Met price pattern first instead of the macroeconomic environment surrounding Nordon Indstrias Met. By analyzing Nordon Indstrias'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 Nordon Indstrias'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 Nordon Indstrias specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nordon Indstrias November 26, 2024 Technical Indicators
Most technical analysis of Nordon 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 Nordon from various momentum indicators to cycle indicators. When you analyze Nordon 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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| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 0.3286 | |||
| Mean Deviation | 3.77 | |||
| Coefficient Of Variation | (1,524) | |||
| Standard Deviation | 6.43 | |||
| Variance | 41.3 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | 0.3186 | |||
| Maximum Drawdown | 38.82 | |||
| Value At Risk | (10.98) | |||
| Potential Upside | 10.82 | |||
| Skewness | 0.8129 | |||
| Kurtosis | 3.31 |
Additional Tools for Nordon Stock Analysis
When running Nordon Indstrias' price analysis, check to measure Nordon Indstrias' 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 Nordon Indstrias is operating at the current time. Most of Nordon Indstrias' value examination focuses on studying past and present price action to predict the probability of Nordon Indstrias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordon Indstrias' price. Additionally, you may evaluate how the addition of Nordon Indstrias to your portfolios can decrease your overall portfolio volatility.