Optomed PLC (Finland) Technical Analysis
| OPTOMED Stock | EUR 4.23 0.23 5.75% |
As of the 28th of November, Optomed PLC holds the Coefficient Of Variation of (1,309), variance of 14.29, and Risk Adjusted Performance of (0.05). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Optomed PLC, as well as the relationship between them. Please check Optomed PLC risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Optomed PLC is priced some-what accurately, providing market reflects its current price of 4.23 per share.
Optomed PLC Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Optomed, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OptomedOptomed |
Optomed PLC 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.
Optomed PLC Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Optomed PLC volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Optomed PLC Trend Analysis
Use this graph to draw trend lines for Optomed PLC. You can use it to identify possible trend reversals for Optomed PLC 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 Optomed PLC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Optomed PLC Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Optomed PLC applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Optomed PLC market price will keep on failing further. It has 122 observation points and a regression sum of squares at 17.96, which is the sum of squared deviations for the predicted Optomed PLC price change compared to its average price change.About Optomed PLC 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 Optomed PLC 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 Optomed PLC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Optomed PLC price pattern first instead of the macroeconomic environment surrounding Optomed PLC. By analyzing Optomed PLC'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 Optomed PLC'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 Optomed PLC specific price patterns or momentum indicators. Please read more on our technical analysis page.
Optomed PLC November 28, 2024 Technical Indicators
Most technical analysis of Optomed 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 Optomed from various momentum indicators to cycle indicators. When you analyze Optomed 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 | (0.05) | |||
| Market Risk Adjusted Performance | 3.38 | |||
| Mean Deviation | 2.47 | |||
| Coefficient Of Variation | (1,309) | |||
| Standard Deviation | 3.78 | |||
| Variance | 14.29 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 3.37 | |||
| Maximum Drawdown | 24.23 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 5.75 | |||
| Skewness | 1.03 | |||
| Kurtosis | 8.09 |
Complementary Tools for Optomed Stock analysis
When running Optomed PLC's price analysis, check to measure Optomed PLC'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 Optomed PLC is operating at the current time. Most of Optomed PLC's value examination focuses on studying past and present price action to predict the probability of Optomed PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optomed PLC's price. Additionally, you may evaluate how the addition of Optomed PLC to your portfolios can decrease your overall portfolio volatility.
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