Ultimovacs ASA (Norway) Technical Analysis
| ULTI Stock | NOK 2.07 0.02 0.98% |
As of the 27th of November, Ultimovacs ASA has the Coefficient Of Variation of (3,189), risk adjusted performance of (0.02), and Variance of 44.34. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Ultimovacs ASA, as well as the relationship between them. Please validate Ultimovacs ASA mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Ultimovacs ASA is priced more or less accurately, providing market reflects its prevalent price of 2.07 per share.
Ultimovacs 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 Ultimovacs, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UltimovacsUltimovacs |
Ultimovacs 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.
Ultimovacs ASA Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Ultimovacs ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ultimovacs ASA Trend Analysis
Use this graph to draw trend lines for Ultimovacs ASA. You can use it to identify possible trend reversals for Ultimovacs 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 Ultimovacs ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ultimovacs ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ultimovacs ASA applied against its price change over selected period. The best fit line has a slop of 0.0011 , which may suggest that Ultimovacs ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Ultimovacs ASA price change compared to its average price change.About Ultimovacs 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 Ultimovacs 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 Ultimovacs ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ultimovacs ASA price pattern first instead of the macroeconomic environment surrounding Ultimovacs ASA. By analyzing Ultimovacs 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 Ultimovacs 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 Ultimovacs ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ultimovacs ASA November 27, 2024 Technical Indicators
Most technical analysis of Ultimovacs 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 Ultimovacs from various momentum indicators to cycle indicators. When you analyze Ultimovacs 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 | (0.02) | |||
| Market Risk Adjusted Performance | 0.2819 | |||
| Mean Deviation | 3.67 | |||
| Coefficient Of Variation | (3,189) | |||
| Standard Deviation | 6.66 | |||
| Variance | 44.34 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | 0.2719 | |||
| Maximum Drawdown | 50.89 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 6.55 | |||
| Skewness | 2.21 | |||
| Kurtosis | 16.37 |
Other Information on Investing in Ultimovacs Stock
Ultimovacs ASA financial ratios help investors to determine whether Ultimovacs 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 Ultimovacs with respect to the benefits of owning Ultimovacs ASA security.