Hofseth Biocare (Norway) Technical Analysis
| HBC Stock | NOK 2.19 0.01 0.45% |
As of the 24th of April, Hofseth Biocare retains the Market Risk Adjusted Performance of (0.59), risk adjusted performance of (0.03), and Standard Deviation of 3.42. Hofseth Biocare technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down thirteen technical drivers for Hofseth Biocare ASA, which can be compared to its competitors. Please check out Hofseth Biocare ASA standard deviation, maximum drawdown, kurtosis, as well as the relationship between the information ratio and potential upside to decide if Hofseth Biocare is priced fairly, providing market reflects its last-minute price of 2.19 per share.
Hofseth Biocare Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hofseth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HofsethHofseth |
Hofseth Biocare 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.
Hofseth Biocare ASA 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 Hofseth Biocare ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hofseth Biocare ASA Trend Analysis
Use this graph to draw trend lines for Hofseth Biocare ASA. You can use it to identify possible trend reversals for Hofseth Biocare 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 Hofseth Biocare price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hofseth Biocare Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hofseth Biocare ASA applied against its price change over selected period. The best fit line has a slop of 0.0071 , which may suggest that Hofseth Biocare ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.9, which is the sum of squared deviations for the predicted Hofseth Biocare price change compared to its average price change.About Hofseth Biocare 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 Hofseth Biocare 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 Hofseth Biocare ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hofseth Biocare ASA price pattern first instead of the macroeconomic environment surrounding Hofseth Biocare ASA. By analyzing Hofseth Biocare'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 Hofseth Biocare'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 Hofseth Biocare specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hofseth Biocare April 24, 2024 Technical Indicators
Most technical analysis of Hofseth 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 Hofseth from various momentum indicators to cycle indicators. When you analyze Hofseth 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.59) | |||
| Mean Deviation | 2.36 | |||
| Coefficient Of Variation | (1,476) | |||
| Standard Deviation | 3.42 | |||
| Variance | 11.73 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.60) | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.48 | |||
| Skewness | 1.25 | |||
| Kurtosis | 3.02 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hofseth Biocare ASA. 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. Note that the Hofseth Biocare ASA information on this page should be used as a complementary analysis to other Hofseth Biocare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Hofseth Stock analysis
When running Hofseth Biocare's price analysis, check to measure Hofseth Biocare'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 Hofseth Biocare is operating at the current time. Most of Hofseth Biocare's value examination focuses on studying past and present price action to predict the probability of Hofseth Biocare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hofseth Biocare's price. Additionally, you may evaluate how the addition of Hofseth Biocare to your portfolios can decrease your overall portfolio volatility.
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