AF Gruppen (Norway) Technical Analysis

AFG Stock  NOK 138.80  0.40  0.29%   
As of the 28th of March, AF Gruppen owns the Market Risk Adjusted Performance of 0.7851, coefficient of variation of 541.55, and Standard Deviation of 1.4. AF Gruppen ASA technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for AF Gruppen, which can be compared to its peers in the sector. Please confirm AF Gruppen ASA mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if AF Gruppen ASA is priced fairly, providing market reflects its prevailing price of 138.8 per share.

AF Gruppen Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AFG, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AFG
  
AF Gruppen's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
AF Gruppen 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.
A focus of AF Gruppen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AF Gruppen trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

AF Gruppen ASA Technical Analysis

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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 AF Gruppen ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

AF Gruppen ASA Trend Analysis

Use this graph to draw trend lines for AF Gruppen ASA. You can use it to identify possible trend reversals for AF Gruppen 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 AF Gruppen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

AF Gruppen Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AF Gruppen ASA applied against its price change over selected period. The best fit line has a slop of   0.31  , which means AF Gruppen ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3591.11, which is the sum of squared deviations for the predicted AF Gruppen price change compared to its average price change.

About AF Gruppen 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 AF Gruppen ASA 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 AF Gruppen ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on AF Gruppen ASA price pattern first instead of the macroeconomic environment surrounding AF Gruppen ASA. By analyzing AF Gruppen'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 AF Gruppen'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 AF Gruppen specific price patterns or momentum indicators. Please read more on our technical analysis page.

AF Gruppen March 28, 2024 Technical Indicators

Most technical analysis of AFG 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 AFG from various momentum indicators to cycle indicators. When you analyze AFG 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AF Gruppen ASA. 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.
Note that the AF Gruppen ASA information on this page should be used as a complementary analysis to other AF Gruppen'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for AFG Stock analysis

When running AF Gruppen's price analysis, check to measure AF Gruppen'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 AF Gruppen is operating at the current time. Most of AF Gruppen's value examination focuses on studying past and present price action to predict the probability of AF Gruppen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AF Gruppen's price. Additionally, you may evaluate how the addition of AF Gruppen to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between AF Gruppen's value and its price as these two are different measures arrived at by different means. Investors typically determine if AF Gruppen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AF Gruppen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.