Vitec Software (Sweden) Technical Analysis
| VIT-B Stock | SEK 512.00 7.00 1.39% |
As of the 24th of April, Vitec Software has the Variance of 3.53, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,110). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Vitec Software Group, 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 thirteen technical drivers for Vitec Software Group, which can be compared to its competition. Please validate Vitec Software Group mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Vitec Software is priced more or less accurately, providing market reflects its prevalent price of 512.0 per share.
Vitec Software Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Vitec, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VitecVitec |
Vitec Software 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.
Vitec Software Group 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 Vitec Software Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Vitec Software Group Trend Analysis
Use this graph to draw trend lines for Vitec Software Group. You can use it to identify possible trend reversals for Vitec Software 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 Vitec Software price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Vitec Software Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Vitec Software Group applied against its price change over selected period. The best fit line has a slop of 0.59 , which may suggest that Vitec Software Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 13297.78, which is the sum of squared deviations for the predicted Vitec Software price change compared to its average price change.About Vitec Software 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 Vitec Software Group 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 Vitec Software Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Vitec Software Group price pattern first instead of the macroeconomic environment surrounding Vitec Software Group. By analyzing Vitec Software'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 Vitec Software'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 Vitec Software specific price patterns or momentum indicators. Please read more on our technical analysis page.
Vitec Software April 24, 2024 Technical Indicators
Most technical analysis of Vitec 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 Vitec from various momentum indicators to cycle indicators. When you analyze Vitec 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 | (0.05) | |||
| Market Risk Adjusted Performance | (1.65) | |||
| Mean Deviation | 1.36 | |||
| Coefficient Of Variation | (1,110) | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.53 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (1.66) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.2 | |||
| Skewness | (0.92) | |||
| Kurtosis | 2.31 |
Vitec Software April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Vitec stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1,717 | ||
| Daily Balance Of Power | 0.44 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 510.00 | ||
| Day Typical Price | 510.67 | ||
| Price Action Indicator | 5.50 | ||
| Market Facilitation Index | 0.0003 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vitec Software Group. 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 Vitec Software Group information on this page should be used as a complementary analysis to other Vitec Software'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Vitec Stock analysis
When running Vitec Software's price analysis, check to measure Vitec Software'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 Vitec Software is operating at the current time. Most of Vitec Software's value examination focuses on studying past and present price action to predict the probability of Vitec Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitec Software's price. Additionally, you may evaluate how the addition of Vitec Software to your portfolios can decrease your overall portfolio volatility.
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