Nexity (France) Technical Analysis
| NXI Stock | EUR 9.61 0.13 1.33% |
As of the 16th of April 2024, Nexity secures the Mean Deviation of 2.31, standard deviation of 3.46, and Risk Adjusted Performance of (0.13). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nexity, 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 were able to collect and analyze data for thirteen technical drivers for Nexity, which can be compared to its peers in the industry. Please verify Nexity information ratio, and the relationship between the coefficient of variation and value at risk to decide if Nexity is priced some-what accurately, providing market reflects its recent price of 9.61 per share.
Nexity Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nexity, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexityNexity |
Nexity 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.
Nexity 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 Nexity volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nexity Trend Analysis
Use this graph to draw trend lines for Nexity. You can use it to identify possible trend reversals for Nexity 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 Nexity price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nexity Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nexity applied against its price change over selected period. The best fit line has a slop of 0.13 , which may suggest that Nexity market price will keep on failing further. It has 122 observation points and a regression sum of squares at 654.28, which is the sum of squared deviations for the predicted Nexity price change compared to its average price change.About Nexity 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 Nexity 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 Nexity based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nexity price pattern first instead of the macroeconomic environment surrounding Nexity. By analyzing Nexity'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 Nexity'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 Nexity specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nexity April 16, 2024 Technical Indicators
Most technical analysis of Nexity 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 Nexity from various momentum indicators to cycle indicators. When you analyze Nexity 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 | (0.13) | |||
| Market Risk Adjusted Performance | 2.48 | |||
| Mean Deviation | 2.31 | |||
| Coefficient Of Variation | (446.79) | |||
| Standard Deviation | 3.46 | |||
| Variance | 11.97 | |||
| Information Ratio | (0.24) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 2.47 | |||
| Maximum Drawdown | 22.86 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 3.33 | |||
| Skewness | (2.86) | |||
| Kurtosis | 14.31 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexity. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Nexity Stock analysis
When running Nexity's price analysis, check to measure Nexity'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 Nexity is operating at the current time. Most of Nexity's value examination focuses on studying past and present price action to predict the probability of Nexity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexity's price. Additionally, you may evaluate how the addition of Nexity to your portfolios can decrease your overall portfolio volatility.
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