OMX COPENHAGEN (Denmark) Technical Analysis

OMXCGI -- Denmark Index  

 1,742  0.86  0.0493%

As of the 4th of July, OMX COPENHAGEN holds the semi deviation of 0.8995, and risk adjusted performance of 0.4771. Our 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 were able to break down 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 the treynor ratio and semi variance to decide if OMX COPENHAGEN is priced favorably, providing market reflects its current price of 1742.31 per share.

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OMX COPENHAGEN technical index 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.
A focus of OMX COPENHAGEN technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of OMX COPENHAGEN 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...


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   3.91  , which means OMX COPENHAGEN will continue producing value for investors. It has 122 observation points and a regression sum of squares at 577350.28, 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 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 July 4, 2020 Technical Indicators

Most technical analysis of OMXCGI stock 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 OMXCGI from various momentum indicators to cycle indicators. When you analyze OMXCGI 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 Performance0.4771
Mean Deviation1.0
Semi Deviation0.8995
Downside Deviation1.32
Coefficient Of Variation441.36
Standard Deviation1.25
Information Ratio0.0085
Total Risk Alpha0.1198
Sortino Ratio0.0081
Maximum Drawdown4.97
Value At Risk(1.93)
Potential Upside2.28
Downside Variance1.74
Semi Variance0.8092
Expected Short fall(1.21)

OMX COPENHAGEN July 4, 2020 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 OMXCGI 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.
Accumulation Distribution  0.00  
Daily Balance Of Power (0.99)  
Rate Of Daily Change  1.00  
Day Median Price  1,742  
Day Typical Price  1,742  
Price Action Indicator  0.00  
Market Facilitation Index  0.87  
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