Sompo Holdings Stock Technical Analysis

NHOLF Stock  USD 20.97  41.95  66.67%   
As of the 28th of March, Sompo Holdings has the Risk Adjusted Performance of (0.03), variance of 74.12, and Coefficient Of Variation of (1,421). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sompo Holdings, 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 were able to break down and interpolate twelve technical drivers for Sompo Holdings, which can be compared to its competition. Please validate Sompo Holdings total risk alpha and skewness to decide if Sompo Holdings is priced more or less accurately, providing market reflects its prevalent price of 20.97 per share. Given that Sompo Holdings has total risk alpha of (2.54), we advise you to double-check Sompo Holdings's current market performance to make sure the company can sustain itself at a future point.

Sompo Holdings Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sompo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sompo
  
Sompo Holdings' 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.
Sompo Holdings technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Sompo Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sompo Holdings 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...

Sompo Holdings Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Sompo Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sompo Holdings Trend Analysis

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

Sompo Holdings Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sompo Holdings applied against its price change over selected period. The best fit line has a slop of   0.0017  , which may suggest that Sompo Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.11, which is the sum of squared deviations for the predicted Sompo Holdings price change compared to its average price change.

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

Sompo Holdings March 28, 2024 Technical Indicators

Most technical analysis of Sompo 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 Sompo from various momentum indicators to cycle indicators. When you analyze Sompo 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sompo Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Sompo Pink Sheet analysis

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