Softronic (Sweden) Technical Analysis
SOF-B Stock | SEK 15.90 3.49 4.26% |
As of the 28th of March, Softronic has the Semi Deviation of 0.9247, risk adjusted performance of 0.1178, and Coefficient Of Variation of 502.49. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Softronic AB, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed nineteen technical drivers for Softronic AB, which can be compared to its competition. Please validate Softronic AB variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Softronic is priced more or less accurately, providing market reflects its prevalent price of 25.25 per share.
Softronic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Softronic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SoftronicSoftronic |
Softronic 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.
Softronic AB Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Softronic AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Softronic AB Trend Analysis
Use this graph to draw trend lines for Softronic AB. You can use it to identify possible trend reversals for Softronic 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 Softronic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Softronic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Softronic AB applied against its price change over selected period. The best fit line has a slop of 0.1 , which means Softronic AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 371.3, which is the sum of squared deviations for the predicted Softronic price change compared to its average price change.About Softronic 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 Softronic 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 Softronic AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Softronic AB price pattern first instead of the macroeconomic environment surrounding Softronic AB. By analyzing Softronic'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 Softronic'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 Softronic specific price patterns or momentum indicators. Please read more on our technical analysis page.
Softronic March 28, 2024 Technical Indicators
Most technical analysis of Softronic 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 Softronic from various momentum indicators to cycle indicators. When you analyze Softronic 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 | 0.1178 | |||
Market Risk Adjusted Performance | 1.71 | |||
Mean Deviation | 1.26 | |||
Semi Deviation | 0.9247 | |||
Downside Deviation | 1.32 | |||
Coefficient Of Variation | 502.49 | |||
Standard Deviation | 2.0 | |||
Variance | 4.0 | |||
Information Ratio | 0.1319 | |||
Jensen Alpha | 0.3599 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.1993 | |||
Treynor Ratio | 1.7 | |||
Maximum Drawdown | 15.0 | |||
Value At Risk | (1.67) | |||
Potential Upside | 2.96 | |||
Downside Variance | 1.75 | |||
Semi Variance | 0.8551 | |||
Expected Short fall | (1.75) | |||
Skewness | 2.07 | |||
Kurtosis | 9.14 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Softronic 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 bureau of labor statistics. Note that the Softronic AB information on this page should be used as a complementary analysis to other Softronic'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Softronic Stock analysis
When running Softronic's price analysis, check to measure Softronic'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 Softronic is operating at the current time. Most of Softronic's value examination focuses on studying past and present price action to predict the probability of Softronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Softronic's price. Additionally, you may evaluate how the addition of Softronic to your portfolios can decrease your overall portfolio volatility.
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