NGS Group (Sweden) Technical Analysis
| NGS Stock | SEK 3.40 0.10 2.86% |
As of the 20th of April, NGS Group secures the Mean Deviation of 4.17, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (15.45). In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NGS Group AB, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We are able to interpolate and collect thirteen technical drivers for NGS Group, which can be compared to its peers in the industry. Please verify NGS Group AB standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if NGS Group AB is priced more or less accurately, providing market reflects its recent price of 3.4 per share.
NGS Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NGS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NGSNGS |
NGS Group 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.
NGS Group AB 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 NGS Group AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NGS Group AB Trend Analysis
Use this graph to draw trend lines for NGS Group AB. You can use it to identify possible trend reversals for NGS Group 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 NGS Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NGS Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NGS Group AB applied against its price change over selected period. The best fit line has a slop of 0.06 , which may suggest that NGS Group AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 125.81, which is the sum of squared deviations for the predicted NGS Group price change compared to its average price change.About NGS Group 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 NGS Group 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 NGS Group AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NGS Group AB price pattern first instead of the macroeconomic environment surrounding NGS Group AB. By analyzing NGS Group'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 NGS Group'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 NGS Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
NGS Group April 20, 2024 Technical Indicators
Most technical analysis of NGS 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 NGS from various momentum indicators to cycle indicators. When you analyze NGS 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 | (0.03) | |||
| Market Risk Adjusted Performance | (15.45) | |||
| Mean Deviation | 4.17 | |||
| Coefficient Of Variation | (1,525) | |||
| Standard Deviation | 6.76 | |||
| Variance | 45.65 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | (15.46) | |||
| Maximum Drawdown | 43.29 | |||
| Value At Risk | (11.62) | |||
| Potential Upside | 10.29 | |||
| Skewness | (1.14) | |||
| Kurtosis | 5.07 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NGS Group 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for NGS Stock analysis
When running NGS Group's price analysis, check to measure NGS Group'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 NGS Group is operating at the current time. Most of NGS Group's value examination focuses on studying past and present price action to predict the probability of NGS Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NGS Group's price. Additionally, you may evaluate how the addition of NGS Group to your portfolios can decrease your overall portfolio volatility.
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