Strongpoint ASA (Norway) Statistic Functions Beta

STRO Stock  NOK 10.00  0.10  1.01%   
Strongpoint ASA statistic functions tool provides the execution environment for running the Beta function and other technical functions against Strongpoint ASA. Strongpoint ASA value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Strongpoint ASA statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Strongpoint ASA correlated with the market. If Beta is less than 0 Strongpoint ASA generally moves in the opposite direction as compared to the market. If Strongpoint ASA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Strongpoint ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Strongpoint ASA is generally in the same direction as the market. If Beta > 1 Strongpoint ASA moves generally in the same direction as, but more than the movement of the benchmark.

Strongpoint ASA Technical Analysis Modules

Most technical analysis of Strongpoint ASA 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 Strongpoint from various momentum indicators to cycle indicators. When you analyze Strongpoint charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Strongpoint ASA Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Strongpoint ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Strongpoint ASA based on widely used predictive technical indicators. In general, we focus on analyzing Strongpoint Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Strongpoint ASA's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Strongpoint ASA's intrinsic value. In addition to deriving basic predictive indicators for Strongpoint ASA, we also check how macroeconomic factors affect Strongpoint ASA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
7.939.9011.87
Details
Intrinsic
Valuation
LowRealHigh
8.3410.3112.28
Details
Naive
Forecast
LowNextHigh
8.2510.2212.19
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.689.9210.16
Details

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Other Information on Investing in Strongpoint Stock

Strongpoint ASA financial ratios help investors to determine whether Strongpoint Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Strongpoint with respect to the benefits of owning Strongpoint ASA security.