Troax Group (Sweden) Technical Analysis
| TROAX Stock | SEK 232.00 2.00 0.87% |
As of the 19th of April, Troax Group has the Risk Adjusted Performance of 0.0319, coefficient of variation of 2463.27, and Semi Deviation of 2.05. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Troax Group 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 and interpolated nineteen technical drivers for Troax Group AB, which can be compared to its competition. Please validate Troax Group AB variance and potential upside to decide if Troax Group is priced more or less accurately, providing market reflects its prevalent price of 232.0 per share.
Troax 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 Troax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TroaxTroax |
Troax 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.
Troax Group AB Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. 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 Troax Group AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Troax Group AB Trend Analysis
Use this graph to draw trend lines for Troax Group AB. You can use it to identify possible trend reversals for Troax 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 Troax Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Troax Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Troax Group AB applied against its price change over selected period. The best fit line has a slop of 0.32 , which means Troax Group AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3933.94, which is the sum of squared deviations for the predicted Troax Group price change compared to its average price change.About Troax 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 Troax 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 Troax Group AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Troax Group AB price pattern first instead of the macroeconomic environment surrounding Troax Group AB. By analyzing Troax 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 Troax 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 Troax Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
Troax Group April 19, 2024 Technical Indicators
Most technical analysis of Troax 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 Troax from various momentum indicators to cycle indicators. When you analyze Troax 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 | 0.0319 | |||
| Market Risk Adjusted Performance | 0.1136 | |||
| Mean Deviation | 1.54 | |||
| Semi Deviation | 2.05 | |||
| Downside Deviation | 2.14 | |||
| Coefficient Of Variation | 2463.27 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.73 | |||
| Information Ratio | 0.0051 | |||
| Jensen Alpha | 0.0297 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.1036 | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.96 | |||
| Downside Variance | 4.6 | |||
| Semi Variance | 4.2 | |||
| Expected Short fall | (1.49) | |||
| Skewness | (0.31) | |||
| Kurtosis | 0.5982 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Troax 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 interest. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Troax Stock analysis
When running Troax Group's price analysis, check to measure Troax 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 Troax Group is operating at the current time. Most of Troax Group's value examination focuses on studying past and present price action to predict the probability of Troax 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 Troax Group's price. Additionally, you may evaluate how the addition of Troax Group to your portfolios can decrease your overall portfolio volatility.
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