Wirtek AS (Denmark) Technical Analysis
WIRTEK Stock | DKK 10.50 0.30 2.94% |
As of the 24th of April, Wirtek AS maintains the Market Risk Adjusted Performance of 6.48, downside deviation of 2.43, and Mean Deviation of 1.73. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wirtek AS, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Wirtek AS, which can be compared to its peers. Please check out Wirtek AS jensen alpha and downside variance to decide if Wirtek AS is priced fairly, providing market reflects its latest price of 10.5 per share.
Wirtek AS Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wirtek, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WirtekWirtek |
Wirtek AS 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.
Wirtek AS Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Wirtek AS volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wirtek AS Trend Analysis
Use this graph to draw trend lines for Wirtek AS. You can use it to identify possible trend reversals for Wirtek AS 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 Wirtek AS price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wirtek AS Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wirtek AS applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Wirtek AS will continue generating value for investors. It has 122 observation points and a regression sum of squares at 20.69, which is the sum of squared deviations for the predicted Wirtek AS price change compared to its average price change.About Wirtek AS 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 Wirtek AS 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 Wirtek AS based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wirtek AS price pattern first instead of the macroeconomic environment surrounding Wirtek AS. By analyzing Wirtek AS'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 Wirtek AS'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 Wirtek AS specific price patterns or momentum indicators. Please read more on our technical analysis page.
Wirtek AS April 24, 2024 Technical Indicators
Most technical analysis of Wirtek 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 Wirtek from various momentum indicators to cycle indicators. When you analyze Wirtek 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 | 0.0468 | |||
Market Risk Adjusted Performance | 6.48 | |||
Mean Deviation | 1.73 | |||
Semi Deviation | 2.03 | |||
Downside Deviation | 2.43 | |||
Coefficient Of Variation | 1591.83 | |||
Standard Deviation | 2.62 | |||
Variance | 6.87 | |||
Information Ratio | 0.0265 | |||
Jensen Alpha | 0.1526 | |||
Total Risk Alpha | (0.20) | |||
Sortino Ratio | 0.0285 | |||
Treynor Ratio | 6.47 | |||
Maximum Drawdown | 15.51 | |||
Value At Risk | (3.26) | |||
Potential Upside | 4.72 | |||
Downside Variance | 5.92 | |||
Semi Variance | 4.11 | |||
Expected Short fall | (2.30) | |||
Skewness | 0.6442 | |||
Kurtosis | 2.41 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wirtek AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Wirtek AS information on this page should be used as a complementary analysis to other Wirtek AS'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Wirtek Stock analysis
When running Wirtek AS's price analysis, check to measure Wirtek AS'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 Wirtek AS is operating at the current time. Most of Wirtek AS's value examination focuses on studying past and present price action to predict the probability of Wirtek AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wirtek AS's price. Additionally, you may evaluate how the addition of Wirtek AS to your portfolios can decrease your overall portfolio volatility.
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