Millicom International (Sweden) Technical Analysis
TIGO-SDB | SEK 214.80 1.20 0.56% |
As of the 18th of April 2024, Millicom International secures the Risk Adjusted Performance of 0.0695, mean deviation of 1.28, and Downside Deviation of 1.31. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Millicom International, 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 interpolate nineteen technical drivers for Millicom International, which can be compared to its peers in the industry. Please verify Millicom International jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Millicom International Cellular is priced some-what accurately, providing market reflects its recent price of 214.8 per share.
Millicom International Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Millicom, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MillicomMillicom |
Millicom International 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.
Millicom International 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 Millicom International volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Millicom International Trend Analysis
Use this graph to draw trend lines for Millicom International Cellular. You can use it to identify possible trend reversals for Millicom International 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 Millicom International price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Millicom International Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Millicom International Cellular applied against its price change over selected period. The best fit line has a slop of 0.92 , which means Millicom International Cellular will continue generating value for investors. It has 122 observation points and a regression sum of squares at 31880.16, which is the sum of squared deviations for the predicted Millicom International price change compared to its average price change.About Millicom International 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 Millicom International Cellular 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 Millicom International Cellular based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Millicom International price pattern first instead of the macroeconomic environment surrounding Millicom International. By analyzing Millicom International'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 Millicom International'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 Millicom International specific price patterns or momentum indicators. Please read more on our technical analysis page.
Millicom International April 18, 2024 Technical Indicators
Most technical analysis of Millicom 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 Millicom from various momentum indicators to cycle indicators. When you analyze Millicom 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 | 0.0695 | |||
Market Risk Adjusted Performance | (13.05) | |||
Mean Deviation | 1.28 | |||
Semi Deviation | 1.14 | |||
Downside Deviation | 1.31 | |||
Coefficient Of Variation | 1006.35 | |||
Standard Deviation | 1.98 | |||
Variance | 3.92 | |||
Information Ratio | 0.0713 | |||
Jensen Alpha | 0.1874 | |||
Total Risk Alpha | 0.0439 | |||
Sortino Ratio | 0.1076 | |||
Treynor Ratio | (13.06) | |||
Maximum Drawdown | 12.77 | |||
Value At Risk | (2.02) | |||
Potential Upside | 2.85 | |||
Downside Variance | 1.73 | |||
Semi Variance | 1.29 | |||
Expected Short fall | (1.51) | |||
Skewness | 2.59 | |||
Kurtosis | 11.6 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Millicom International Cellular. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Millicom Stock analysis
When running Millicom International's price analysis, check to measure Millicom International'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 Millicom International is operating at the current time. Most of Millicom International's value examination focuses on studying past and present price action to predict the probability of Millicom International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millicom International's price. Additionally, you may evaluate how the addition of Millicom International to your portfolios can decrease your overall portfolio volatility.
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