Sparindex INDEX (Denmark) Technical Analysis

SPIC25KL  DKK 281.00  0.50  0.18%   
As of the 19th of March, Sparindex INDEX has the Risk Adjusted Performance of 0.0481, semi deviation of 1.43, and Coefficient Of Variation of 1452.94. Our technical analysis interface makes it possible for you to check existing technical drivers of Sparindex INDEX OMX, as well as the relationship between them. In other words, you can use this information to find out if the fund will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Sparindex INDEX OMX, which can be compared to its competition. Please validate Sparindex INDEX OMX coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if Sparindex INDEX is priced more or less accurately, providing market reflects its prevalent price of 281.0 per share.

Sparindex INDEX Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sparindex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sparindex
  
Sparindex INDEX's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Sparindex INDEX technical fund 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, fund market cycles, or different charting patterns.
A focus of Sparindex INDEX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sparindex INDEX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Sparindex INDEX OMX Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Sparindex INDEX OMX volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sparindex INDEX OMX Trend Analysis

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

Sparindex INDEX Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sparindex INDEX OMX applied against its price change over selected period. The best fit line has a slop of   0.19  , which may suggest that Sparindex INDEX OMX market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1302.48, which is the sum of squared deviations for the predicted Sparindex INDEX price change compared to its average price change.

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

Sparindex INDEX March 19, 2024 Technical Indicators

Most technical analysis of Sparindex 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 Sparindex from various momentum indicators to cycle indicators. When you analyze Sparindex 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.

Sparindex INDEX March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Sparindex stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sparindex INDEX OMX. Also, note that the market value of any Fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Sparindex INDEX OMX information on this page should be used as a complementary analysis to other Sparindex INDEX'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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Sparindex Fund analysis

When running Sparindex INDEX's price analysis, check to measure Sparindex INDEX'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 Sparindex INDEX is operating at the current time. Most of Sparindex INDEX's value examination focuses on studying past and present price action to predict the probability of Sparindex INDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparindex INDEX's price. Additionally, you may evaluate how the addition of Sparindex INDEX to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Sparindex INDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparindex INDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparindex INDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.