Addnode Group (Sweden) Technical Analysis
| ANOD-B Stock | SEK 116.80 1.10 0.95% |
As of the 19th of April, Addnode Group shows the risk adjusted performance of 0.1472, and Mean Deviation of 1.5. Addnode Group AB technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Addnode Group AB, which can be compared to its peers. Please confirm Addnode Group AB mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Addnode Group AB is priced correctly, providing market reflects its regular price of 116.8 per share.
Addnode 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 Addnode, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AddnodeAddnode |
Addnode 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.
Addnode 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 Addnode Group AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Addnode Group AB Trend Analysis
Use this graph to draw trend lines for Addnode Group AB. You can use it to identify possible trend reversals for Addnode 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 Addnode Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Addnode Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Addnode Group AB applied against its price change over selected period. The best fit line has a slop of 0.30 , which means Addnode Group AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3479.7, which is the sum of squared deviations for the predicted Addnode Group price change compared to its average price change.About Addnode 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 Addnode 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 Addnode Group AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Addnode Group AB price pattern first instead of the macroeconomic environment surrounding Addnode Group AB. By analyzing Addnode 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 Addnode 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 Addnode Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
Addnode Group April 19, 2024 Technical Indicators
Most technical analysis of Addnode 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 Addnode from various momentum indicators to cycle indicators. When you analyze Addnode 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1472 | |||
| Market Risk Adjusted Performance | (27.25) | |||
| Mean Deviation | 1.5 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.61 | |||
| Coefficient Of Variation | 441.32 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 | |||
| Information Ratio | 0.1947 | |||
| Jensen Alpha | 0.4782 | |||
| Total Risk Alpha | 0.2733 | |||
| Sortino Ratio | 0.2607 | |||
| Treynor Ratio | (27.26) | |||
| Maximum Drawdown | 14.49 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 4.01 | |||
| Downside Variance | 2.58 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (1.95) | |||
| Skewness | 1.42 | |||
| Kurtosis | 6.05 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addnode 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 board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Addnode Stock analysis
When running Addnode Group's price analysis, check to measure Addnode 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 Addnode Group is operating at the current time. Most of Addnode Group's value examination focuses on studying past and present price action to predict the probability of Addnode 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 Addnode Group's price. Additionally, you may evaluate how the addition of Addnode Group to your portfolios can decrease your overall portfolio volatility.
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