Tomra Systems Asa Stock Technical Analysis
| TMRAF Stock | USD 13.00 0.07 0.54% |
As of the 27th of November, Tomra Systems has the Coefficient Of Variation of (1,054), variance of 4.07, and Risk Adjusted Performance of (0.07). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tomra Systems ASA, as well as the relationship between them. Please validate Tomra Systems ASA information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Tomra Systems is priced more or less accurately, providing market reflects its prevalent price of 13.0 per share. Given that Tomra Systems ASA has information ratio of (0.16), we advise you to double-check Tomra Systems ASA's current market performance to make sure the company can sustain itself at a future point.
Tomra Systems Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tomra, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TomraTomra |
Tomra Systems 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.
Tomra Systems ASA 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 Tomra Systems ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tomra Systems ASA Trend Analysis
Use this graph to draw trend lines for Tomra Systems ASA. You can use it to identify possible trend reversals for Tomra Systems 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 Tomra Systems price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tomra Systems Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tomra Systems ASA applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that Tomra Systems ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 63.9, which is the sum of squared deviations for the predicted Tomra Systems price change compared to its average price change.About Tomra Systems 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 Tomra Systems 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 Tomra Systems ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tomra Systems ASA price pattern first instead of the macroeconomic environment surrounding Tomra Systems ASA. By analyzing Tomra Systems'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 Tomra Systems'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 Tomra Systems specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tomra Systems November 27, 2024 Technical Indicators
Most technical analysis of Tomra 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 Tomra from various momentum indicators to cycle indicators. When you analyze Tomra 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 | (0.07) | |||
| Market Risk Adjusted Performance | 0.681 | |||
| Mean Deviation | 0.9548 | |||
| Coefficient Of Variation | (1,054) | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.07 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.671 | |||
| Maximum Drawdown | 12.55 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 3.36 | |||
| Skewness | (0.53) | |||
| Kurtosis | 5.38 |
Complementary Tools for Tomra Pink Sheet analysis
When running Tomra Systems' price analysis, check to measure Tomra Systems' 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 Tomra Systems is operating at the current time. Most of Tomra Systems' value examination focuses on studying past and present price action to predict the probability of Tomra Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tomra Systems' price. Additionally, you may evaluate how the addition of Tomra Systems to your portfolios can decrease your overall portfolio volatility.
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