ASCENDO INVERSIONES (Spain) Technical Analysis

S3363 -- Spain Fund  

EUR 0.93  0.00003  0.0032%

As of the 26th of May ASCENDO INVERSIONES owns Coefficient Of Variation of 29449.69 and Market Risk Adjusted Performance of 0.0864. In respect to Fundamental Indicators, Macroaxis technical analysis interface gives you tools to check possible technical drivers of ASCENDO INVERSIONES SICAV as well as the relationship between them. Strictly speaking, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for ASCENDO INVERSIONES, which can be compared to its peers in the sector. Please confirm ASCENDO INVERSIONES SICAV Downside Deviation and the relationship between Coefficient Of Variation and VarianceDownside Deviation, Standard Deviation, Information Ratio, as well as the relationship between Coefficient Of Variation and Variance to decide if ASCENDO INVERSIONES SICAV is priced correctly providing market reflects its prevailing price of 0.9317 per share.

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


The following chart estimates an ordinary least squares regression model for ASCENDO INVERSIONES SICAV applied against its price change over selected period. The best fit line has a slop of   -0.0019  which may suggest that ASCENDO INVERSIONES SICAV market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.14, which is the sum of squared deviations for the predicted ASCENDO INVERSIONES price change compared to its average price change.

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

ASCENDO INVERSIONES May 26, 2020 Technical Indicators

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