Nexans Sa Stock Technical Analysis
| NXPRF Stock | USD 107.20 7.90 6.86% |
As of the 26th of November, Nexans SA secures the Mean Deviation of 1.14, standard deviation of 2.43, and Risk Adjusted Performance of (0.08). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nexans SA, as well as the relationship between them. Please verify Nexans SA risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Nexans SA is priced some-what accurately, providing market reflects its recent price of 107.2 per share. Given that Nexans SA has information ratio of (0.17), we recommend you to check Nexans SA's last-minute market performance to make sure the company can sustain itself at a future point.
Nexans SA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nexans, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexansNexans |
Nexans SA technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Nexans SA 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 Nexans SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nexans SA Trend Analysis
Use this graph to draw trend lines for Nexans SA. You can use it to identify possible trend reversals for Nexans SA 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 Nexans SA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nexans SA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nexans SA applied against its price change over selected period. The best fit line has a slop of 0.19 , which may suggest that Nexans SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1378.63, which is the sum of squared deviations for the predicted Nexans SA price change compared to its average price change.About Nexans SA 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 Nexans SA 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 Nexans SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nexans SA price pattern first instead of the macroeconomic environment surrounding Nexans SA. By analyzing Nexans SA'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 Nexans SA'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 Nexans SA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nexans SA November 26, 2024 Technical Indicators
Most technical analysis of Nexans 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 Nexans from various momentum indicators to cycle indicators. When you analyze Nexans 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 | (0.08) | |||
| Market Risk Adjusted Performance | (8.48) | |||
| Mean Deviation | 1.14 | |||
| Coefficient Of Variation | (853.77) | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.9 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (8.49) | |||
| Maximum Drawdown | 18.84 | |||
| Value At Risk | (5.99) | |||
| Potential Upside | 1.32 | |||
| Skewness | 0.3635 | |||
| Kurtosis | 8.73 |
Complementary Tools for Nexans Pink Sheet analysis
When running Nexans SA's price analysis, check to measure Nexans SA'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 Nexans SA is operating at the current time. Most of Nexans SA's value examination focuses on studying past and present price action to predict the probability of Nexans SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexans SA's price. Additionally, you may evaluate how the addition of Nexans SA to your portfolios can decrease your overall portfolio volatility.
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