SalMar ASA (Norway) Technical Analysis
| SALM Stock | NOK 589.00 18.00 3.15% |
As of the 23rd of November, SalMar ASA has the Risk Adjusted Performance of 0.0224, coefficient of variation of 4444.17, and Semi Deviation of 1.62. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of SalMar ASA, as well as the relationship between them. Please validate SalMar ASA jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if SalMar ASA is priced more or less accurately, providing market reflects its prevalent price of 589.0 per share.
SalMar ASA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SalMar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SalMarSalMar |
SalMar ASA 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.
SalMar ASA Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 SalMar ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SalMar ASA Trend Analysis
Use this graph to draw trend lines for SalMar ASA. You can use it to identify possible trend reversals for SalMar ASA 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 SalMar ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SalMar ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SalMar ASA applied against its price change over selected period. The best fit line has a slop of 0.39 , which means SalMar ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5890.68, which is the sum of squared deviations for the predicted SalMar ASA price change compared to its average price change.About SalMar ASA 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 SalMar ASA 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 SalMar ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on SalMar ASA price pattern first instead of the macroeconomic environment surrounding SalMar ASA. By analyzing SalMar ASA'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 SalMar ASA'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 SalMar ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
SalMar ASA November 23, 2024 Technical Indicators
Most technical analysis of SalMar 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 SalMar from various momentum indicators to cycle indicators. When you analyze SalMar 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 | 0.0224 | |||
| Market Risk Adjusted Performance | 0.1165 | |||
| Mean Deviation | 1.27 | |||
| Semi Deviation | 1.62 | |||
| Downside Deviation | 1.66 | |||
| Coefficient Of Variation | 4444.17 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.54 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1065 | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.65 | |||
| Downside Variance | 2.76 | |||
| Semi Variance | 2.64 | |||
| Expected Short fall | (1.27) | |||
| Skewness | (0.11) | |||
| Kurtosis | (0.61) |
Other Information on Investing in SalMar Stock
SalMar ASA financial ratios help investors to determine whether SalMar 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 SalMar with respect to the benefits of owning SalMar ASA security.