Bittium Oyj (Finland) Technical Analysis
| BITTI Stock | EUR 6.90 0.22 3.29% |
As of the 3rd of December, Bittium Oyj shows the Risk Adjusted Performance of 0.0094, mean deviation of 1.68, and Downside Deviation of 1.88. Bittium Oyj technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Bittium Oyj Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bittium, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BittiumBittium |
Bittium Oyj 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.
Bittium Oyj Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 Bittium Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bittium Oyj Trend Analysis
Use this graph to draw trend lines for Bittium Oyj. You can use it to identify possible trend reversals for Bittium Oyj 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 Bittium Oyj price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bittium Oyj Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bittium Oyj applied against its price change over selected period. The best fit line has a slop of 0 , which means Bittium Oyj will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.74, which is the sum of squared deviations for the predicted Bittium Oyj price change compared to its average price change.About Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bittium Oyj price pattern first instead of the macroeconomic environment surrounding Bittium Oyj. By analyzing Bittium Oyj'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 Bittium Oyj'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 Bittium Oyj specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bittium Oyj December 3, 2024 Technical Indicators
Most technical analysis of Bittium 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 Bittium from various momentum indicators to cycle indicators. When you analyze Bittium 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 | 0.0094 | |||
| Market Risk Adjusted Performance | 0.0152 | |||
| Mean Deviation | 1.68 | |||
| Semi Deviation | 1.72 | |||
| Downside Deviation | 1.88 | |||
| Coefficient Of Variation | 26833.61 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.91 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0052 | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.4 | |||
| Downside Variance | 3.52 | |||
| Semi Variance | 2.97 | |||
| Expected Short fall | (2.20) | |||
| Skewness | 1.21 | |||
| Kurtosis | 3.38 |
Complementary Tools for Bittium Stock analysis
When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |