NorAm Drilling (Germany) Technical Analysis
| TM9 Stock | EUR 2.98 0.10 3.25% |
As of the 25th of November, NorAm Drilling secures the Mean Deviation of 2.78, downside deviation of 4.6, and Risk Adjusted Performance of 0.0118. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NorAm Drilling AS, as well as the relationship between them. Please verify NorAm Drilling AS maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk to decide if NorAm Drilling AS is priced some-what accurately, providing market reflects its recent price of 2.98 per share.
NorAm Drilling Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NorAm, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorAmNorAm |
NorAm Drilling 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.
NorAm Drilling AS Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 NorAm Drilling AS volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NorAm Drilling AS Trend Analysis
Use this graph to draw trend lines for NorAm Drilling AS. You can use it to identify possible trend reversals for NorAm Drilling 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 NorAm Drilling price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NorAm Drilling Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NorAm Drilling AS applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that NorAm Drilling AS 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 NorAm Drilling price change compared to its average price change.About NorAm Drilling 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 NorAm Drilling AS 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 NorAm Drilling AS based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NorAm Drilling AS price pattern first instead of the macroeconomic environment surrounding NorAm Drilling AS. By analyzing NorAm Drilling'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 NorAm Drilling'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 NorAm Drilling specific price patterns or momentum indicators. Please read more on our technical analysis page.
NorAm Drilling November 25, 2024 Technical Indicators
Most technical analysis of NorAm 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 NorAm from various momentum indicators to cycle indicators. When you analyze NorAm 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 | ||
| Statistic Functions | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0118 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.78 | |||
| Semi Deviation | 4.26 | |||
| Downside Deviation | 4.6 | |||
| Coefficient Of Variation | 23000.99 | |||
| Standard Deviation | 5.02 | |||
| Variance | 25.21 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0756 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 36.5 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 5.56 | |||
| Downside Variance | 21.15 | |||
| Semi Variance | 18.11 | |||
| Expected Short fall | (3.08) | |||
| Skewness | 1.31 | |||
| Kurtosis | 7.82 |
Complementary Tools for NorAm Stock analysis
When running NorAm Drilling's price analysis, check to measure NorAm Drilling'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 NorAm Drilling is operating at the current time. Most of NorAm Drilling's value examination focuses on studying past and present price action to predict the probability of NorAm Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorAm Drilling's price. Additionally, you may evaluate how the addition of NorAm Drilling to your portfolios can decrease your overall portfolio volatility.
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