Sparindex Technical Analysis

SPVIGAETIKKL -- Denmark Stock  

DKK 104.60  1.55  1.50%

As of the 29th of May Sparindex INDEX has Coefficient Of Variation of (1,326) and Risk Adjusted Performance of (0.30). Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of Sparindex INDEX Globale as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Sparindex INDEX Globale, which can be compared to its competition. Please validate Sparindex INDEX Globale Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if Sparindex INDEX is priced more or less accurately providing market reflects its prevalent price of 104.6 per share.

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Sparindex INDEX Globale Technical Analysis

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Sparindex INDEX Globale Trend Analysis

Use this graph to draw trend lines for Sparindex INDEX Globale. 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 Globale applied against its price change over selected period. The best fit line has a slop of   0.44  which means Sparindex INDEX Globale will continue generating value for investors. It has 14 observation points and a regression sum of squares at 11.09, 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 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 Sparindex INDEX Globale 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 Globale based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sparindex INDEX Globale stock first instead of the macroeconomic environment surrounding Sparindex INDEX Globale. By analyzing Sparindex INDEX'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 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 May 29, 2020 Technical Indicators

Additionally, take a look at World Market Map. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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