Spago Nanomedical (Sweden) Technical Analysis
| SPAGO Stock | SEK 0.20 0.01 4.76% |
As of the 14th of January 2025, Spago Nanomedical has the Variance of 22.94, coefficient of variation of (3,774), and Risk Adjusted Performance of (0.01). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spago Nanomedical, as well as the relationship between them. Please validate Spago Nanomedical mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Spago Nanomedical is priced more or less accurately, providing market reflects its prevalent price of 0.2 per share.
Spago Nanomedical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Spago, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SpagoSpago |
Spago Nanomedical 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.
Spago Nanomedical Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. 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 Spago Nanomedical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Spago Nanomedical Trend Analysis
Use this graph to draw trend lines for Spago Nanomedical AB. You can use it to identify possible trend reversals for Spago Nanomedical 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 Spago Nanomedical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Spago Nanomedical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Spago Nanomedical AB applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that Spago Nanomedical AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Spago Nanomedical price change compared to its average price change.About Spago Nanomedical 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 Spago Nanomedical AB 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 Spago Nanomedical AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Spago Nanomedical price pattern first instead of the macroeconomic environment surrounding Spago Nanomedical. By analyzing Spago Nanomedical'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 Spago Nanomedical'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 Spago Nanomedical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Spago Nanomedical January 14, 2025 Technical Indicators
Most technical analysis of Spago 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 Spago from various momentum indicators to cycle indicators. When you analyze Spago 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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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.1303 | |||
| Mean Deviation | 3.78 | |||
| Coefficient Of Variation | (3,774) | |||
| Standard Deviation | 4.79 | |||
| Variance | 22.94 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.1203 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 | |||
| Skewness | (0.18) | |||
| Kurtosis | (0.53) |
Additional Tools for Spago Stock Analysis
When running Spago Nanomedical's price analysis, check to measure Spago Nanomedical'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 Spago Nanomedical is operating at the current time. Most of Spago Nanomedical's value examination focuses on studying past and present price action to predict the probability of Spago Nanomedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spago Nanomedical's price. Additionally, you may evaluate how the addition of Spago Nanomedical to your portfolios can decrease your overall portfolio volatility.