Advenica (Sweden) Technical Analysis
| ADVE Stock | SEK 11.10 0.30 2.78% |
As of the 18th of April 2024, Advenica shows the Risk Adjusted Performance of 0.0763, mean deviation of 4.17, and Downside Deviation of 4.66. Advenica AB technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Advenica AB, which can be compared to its peers. Please confirm Advenica AB information ratio, treynor ratio, value at risk, as well as the relationship between the jensen alpha and maximum drawdown to decide if Advenica AB is priced correctly, providing market reflects its regular price of 11.1 per share.
Advenica Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Advenica, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AdvenicaAdvenica |
Advenica 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.
Advenica AB Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Advenica AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Advenica AB Trend Analysis
Use this graph to draw trend lines for Advenica AB. You can use it to identify possible trend reversals for Advenica 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 Advenica price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Advenica Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Advenica AB applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Advenica AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 51.85, which is the sum of squared deviations for the predicted Advenica price change compared to its average price change.About Advenica 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 Advenica 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 Advenica AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Advenica AB price pattern first instead of the macroeconomic environment surrounding Advenica AB. By analyzing Advenica'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 Advenica'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 Advenica specific price patterns or momentum indicators. Please read more on our technical analysis page.
Advenica April 18, 2024 Technical Indicators
Most technical analysis of Advenica 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 Advenica from various momentum indicators to cycle indicators. When you analyze Advenica 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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| Volume Indicators |
| Risk Adjusted Performance | 0.0763 | |||
| Market Risk Adjusted Performance | 1.14 | |||
| Mean Deviation | 4.17 | |||
| Semi Deviation | 4.27 | |||
| Downside Deviation | 4.66 | |||
| Coefficient Of Variation | 937.82 | |||
| Standard Deviation | 6.55 | |||
| Variance | 42.97 | |||
| Information Ratio | 0.0982 | |||
| Jensen Alpha | 0.6612 | |||
| Total Risk Alpha | 0.2161 | |||
| Sortino Ratio | 0.1381 | |||
| Treynor Ratio | 1.13 | |||
| Maximum Drawdown | 47.44 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 9.76 | |||
| Downside Variance | 21.7 | |||
| Semi Variance | 18.21 | |||
| Expected Short fall | (5.40) | |||
| Skewness | 1.82 | |||
| Kurtosis | 8.25 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advenica AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Advenica Stock analysis
When running Advenica's price analysis, check to measure Advenica'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 Advenica is operating at the current time. Most of Advenica's value examination focuses on studying past and present price action to predict the probability of Advenica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advenica's price. Additionally, you may evaluate how the addition of Advenica to your portfolios can decrease your overall portfolio volatility.
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