Gjensidige Forsikring (Norway) Technical Analysis
GJF Stock | NOK 162.70 0.30 0.18% |
As of the 19th of April, Gjensidige Forsikring retains the Standard Deviation of 1.55, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.1804. Gjensidige Forsikring technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Gjensidige Forsikring ASA, which can be compared to its competitors. Please check out Gjensidige Forsikring ASA standard deviation, maximum drawdown, kurtosis, as well as the relationship between the information ratio and potential upside to decide if Gjensidige Forsikring is priced fairly, providing market reflects its last-minute price of 162.7 per share.
Gjensidige Forsikring Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Gjensidige, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GjensidigeGjensidige |
Gjensidige Forsikring 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.
Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Gjensidige Forsikring ASA Trend Analysis
Use this graph to draw trend lines for Gjensidige Forsikring ASA. You can use it to identify possible trend reversals for Gjensidige Forsikring 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 Gjensidige Forsikring price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Gjensidige Forsikring Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Gjensidige Forsikring ASA applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Gjensidige Forsikring ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 35.53, which is the sum of squared deviations for the predicted Gjensidige Forsikring price change compared to its average price change.About Gjensidige Forsikring 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 Gjensidige Forsikring 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 Gjensidige Forsikring ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Gjensidige Forsikring ASA price pattern first instead of the macroeconomic environment surrounding Gjensidige Forsikring ASA. By analyzing Gjensidige Forsikring'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 Gjensidige Forsikring'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 Gjensidige Forsikring specific price patterns or momentum indicators. Please read more on our technical analysis page.
Gjensidige Forsikring April 19, 2024 Technical Indicators
Most technical analysis of Gjensidige 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 Gjensidige from various momentum indicators to cycle indicators. When you analyze Gjensidige 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 | (0.02) | |||
Market Risk Adjusted Performance | 0.1804 | |||
Mean Deviation | 0.9389 | |||
Coefficient Of Variation | (2,222) | |||
Standard Deviation | 1.55 | |||
Variance | 2.41 | |||
Information Ratio | (0.09) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | 0.1704 | |||
Maximum Drawdown | 9.08 | |||
Value At Risk | (1.73) | |||
Potential Upside | 1.77 | |||
Skewness | 0.8066 | |||
Kurtosis | 10.96 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gjensidige Forsikring 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 Gjensidige Forsikring ASA information on this page should be used as a complementary analysis to other Gjensidige Forsikring'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Gjensidige Stock analysis
When running Gjensidige Forsikring's price analysis, check to measure Gjensidige Forsikring'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 Gjensidige Forsikring is operating at the current time. Most of Gjensidige Forsikring's value examination focuses on studying past and present price action to predict the probability of Gjensidige Forsikring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gjensidige Forsikring's price. Additionally, you may evaluate how the addition of Gjensidige Forsikring to your portfolios can decrease your overall portfolio volatility.
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