OMX COPENHAGEN (Denmark) Technical Analysis

OMXCGI -- Denmark Index  

 1,668  25.84  1.53%

As of the 27th of May OMX COPENHAGEN holds Risk Adjusted Performance of (0.021517). Macroaxis technical analysis interface allows you to check available technical drivers of OMX COPENHAGEN as well as the relationship between them. Put it differently, you can use this information to find out if the index will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for OMX COPENHAGEN, which can be compared to its competitors. Please check OMX COPENHAGEN Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if OMX COPENHAGEN is priced favorably providing market reflects its current price of 1668.46 per share.

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

OMX COPENHAGEN Best Fit Change Line

The following chart estimates an ordinary least squares regression model for OMX COPENHAGEN applied against its price change over selected period. The best fit line has a slop of   4.51  which means OMX COPENHAGEN will continue producing value for investors. It has 122 observation points and a regression sum of squares at 767904.05, which is the sum of squared deviations for the predicted OMX COPENHAGEN price change compared to its average price change.

About OMX COPENHAGEN Technical Analysis

The Macroaxis 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 OMX COPENHAGEN 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 OMX COPENHAGEN based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on OMX COPENHAGEN stock first instead of the macroeconomic environment surrounding OMX COPENHAGEN. By analyzing OMX COPENHAGEN's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of OMX COPENHAGEN'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 OMX COPENHAGEN specific price patterns or momentum indicators. Please read more on our technical analysis page.

OMX COPENHAGEN May 27, 2020 Technical Indicators

OMX COPENHAGEN May 27, 2020 Daily Price Condition

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