Goodtech (Norway) Technical Analysis
GOD Stock | NOK 13.80 0.20 1.43% |
As of the 25th of April, Goodtech retains the Downside Deviation of 1.98, risk adjusted performance of 0.1075, and Market Risk Adjusted Performance of (0.73). Goodtech 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 break down nineteen technical drivers for Goodtech, which can be compared to its competitors. Please check out Goodtech value at risk, expected short fall, and the relationship between the treynor ratio and downside variance to decide if Goodtech is priced fairly, providing market reflects its last-minute price of 13.8 per share.
Goodtech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Goodtech, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoodtechGoodtech |
Goodtech 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.
Goodtech Technical Analysis
The output start index for this execution was fourty-two with a total number of output elements of nineteen. 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 Goodtech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Goodtech Trend Analysis
Use this graph to draw trend lines for Goodtech. You can use it to identify possible trend reversals for Goodtech 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 Goodtech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Goodtech Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Goodtech applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Goodtech will continue generating value for investors. It has 122 observation points and a regression sum of squares at 125.95, which is the sum of squared deviations for the predicted Goodtech price change compared to its average price change.About Goodtech 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 Goodtech 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 Goodtech based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Goodtech price pattern first instead of the macroeconomic environment surrounding Goodtech. By analyzing Goodtech'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 Goodtech'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 Goodtech specific price patterns or momentum indicators. Please read more on our technical analysis page.
Goodtech April 25, 2024 Technical Indicators
Most technical analysis of Goodtech 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 Goodtech from various momentum indicators to cycle indicators. When you analyze Goodtech 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 | 0.1075 | |||
Market Risk Adjusted Performance | (0.73) | |||
Mean Deviation | 2.04 | |||
Semi Deviation | 1.58 | |||
Downside Deviation | 1.98 | |||
Coefficient Of Variation | 627.1 | |||
Standard Deviation | 3.12 | |||
Variance | 9.71 | |||
Information Ratio | 0.1313 | |||
Jensen Alpha | 0.5383 | |||
Total Risk Alpha | 0.0982 | |||
Sortino Ratio | 0.2067 | |||
Treynor Ratio | (0.74) | |||
Maximum Drawdown | 23.68 | |||
Value At Risk | (2.51) | |||
Potential Upside | 4.85 | |||
Downside Variance | 3.92 | |||
Semi Variance | 2.48 | |||
Expected Short fall | (2.89) | |||
Skewness | 2.83 | |||
Kurtosis | 14.63 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodtech. 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 Goodtech information on this page should be used as a complementary analysis to other Goodtech'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Goodtech Stock analysis
When running Goodtech's price analysis, check to measure Goodtech'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 Goodtech is operating at the current time. Most of Goodtech's value examination focuses on studying past and present price action to predict the probability of Goodtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodtech's price. Additionally, you may evaluate how the addition of Goodtech to your portfolios can decrease your overall portfolio volatility.
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