Storebrand ASA (Norway) Technical Analysis
STB Stock | NOK 100.00 0.48 0.48% |
As of the 29th of March, Storebrand ASA has the Semi Deviation of 0.7309, risk adjusted performance of 0.128, and Coefficient Of Variation of 443.69. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Storebrand ASA, 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 have analyzed nineteen technical drivers for Storebrand ASA, which can be compared to its competition. Please validate Storebrand ASA treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Storebrand ASA is priced more or less accurately, providing market reflects its prevalent price of 100.0 per share.
Storebrand ASA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Storebrand, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to StorebrandStorebrand |
Storebrand ASA 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.
Storebrand ASA Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Storebrand ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Storebrand ASA Trend Analysis
Use this graph to draw trend lines for Storebrand ASA. You can use it to identify possible trend reversals for Storebrand ASA 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 Storebrand ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Storebrand ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Storebrand ASA applied against its price change over selected period. The best fit line has a slop of 0.1 , which means Storebrand ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 345.35, which is the sum of squared deviations for the predicted Storebrand ASA price change compared to its average price change.About Storebrand ASA 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 Storebrand ASA 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 Storebrand ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Storebrand ASA price pattern first instead of the macroeconomic environment surrounding Storebrand ASA. By analyzing Storebrand ASA'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 Storebrand ASA'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 Storebrand ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Storebrand ASA March 29, 2024 Technical Indicators
Most technical analysis of Storebrand 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 Storebrand from various momentum indicators to cycle indicators. When you analyze Storebrand 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 | 0.128 | |||
Market Risk Adjusted Performance | 2.26 | |||
Mean Deviation | 0.5 | |||
Semi Deviation | 0.7309 | |||
Downside Deviation | 0.9271 | |||
Coefficient Of Variation | 443.69 | |||
Standard Deviation | 0.7638 | |||
Variance | 0.5833 | |||
Information Ratio | 0.0487 | |||
Jensen Alpha | 0.1531 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0402 | |||
Treynor Ratio | 2.25 | |||
Maximum Drawdown | 5.31 | |||
Value At Risk | (0.59) | |||
Potential Upside | 1.33 | |||
Downside Variance | 0.8595 | |||
Semi Variance | 0.5342 | |||
Expected Short fall | (0.57) | |||
Skewness | (2.22) | |||
Kurtosis | 10.48 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Storebrand ASA. 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 Storebrand ASA information on this page should be used as a complementary analysis to other Storebrand ASA'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Storebrand Stock analysis
When running Storebrand ASA's price analysis, check to measure Storebrand ASA'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 Storebrand ASA is operating at the current time. Most of Storebrand ASA's value examination focuses on studying past and present price action to predict the probability of Storebrand ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Storebrand ASA's price. Additionally, you may evaluate how the addition of Storebrand ASA to your portfolios can decrease your overall portfolio volatility.
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