Nexstim Oyj (Finland) Technical Analysis
NXTMH Stock | EUR 5.52 0.72 15.00% |
As of the 1st of December, Nexstim Oyj secures the Mean Deviation of 2.9, downside deviation of 3.18, and Risk Adjusted Performance of 0.1901. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nexstim Oyj, as well as the relationship between them.
Nexstim 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 Nexstim, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexstimNexstim |
Nexstim 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.
Nexstim Oyj Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Nexstim Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nexstim Oyj Trend Analysis
Use this graph to draw trend lines for Nexstim Oyj. You can use it to identify possible trend reversals for Nexstim 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 Nexstim Oyj price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nexstim Oyj Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nexstim Oyj applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Nexstim Oyj will continue generating value for investors. It has 122 observation points and a regression sum of squares at 37.85, which is the sum of squared deviations for the predicted Nexstim Oyj price change compared to its average price change.About Nexstim 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 Nexstim 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 Nexstim Oyj based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nexstim Oyj price pattern first instead of the macroeconomic environment surrounding Nexstim Oyj. By analyzing Nexstim 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 Nexstim 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 Nexstim Oyj specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nexstim Oyj December 1, 2024 Technical Indicators
Most technical analysis of Nexstim 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 Nexstim from various momentum indicators to cycle indicators. When you analyze Nexstim 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 | 0.1901 | |||
Market Risk Adjusted Performance | 2.41 | |||
Mean Deviation | 2.9 | |||
Semi Deviation | 2.49 | |||
Downside Deviation | 3.18 | |||
Coefficient Of Variation | 420.11 | |||
Standard Deviation | 4.11 | |||
Variance | 16.92 | |||
Information Ratio | 0.2046 | |||
Jensen Alpha | 0.9175 | |||
Total Risk Alpha | 0.2825 | |||
Sortino Ratio | 0.2646 | |||
Treynor Ratio | 2.4 | |||
Maximum Drawdown | 25.54 | |||
Value At Risk | (3.61) | |||
Potential Upside | 8.16 | |||
Downside Variance | 10.12 | |||
Semi Variance | 6.21 | |||
Expected Short fall | (3.78) | |||
Skewness | 0.7786 | |||
Kurtosis | 3.47 |
Complementary Tools for Nexstim Stock analysis
When running Nexstim Oyj's price analysis, check to measure Nexstim 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 Nexstim Oyj is operating at the current time. Most of Nexstim Oyj's value examination focuses on studying past and present price action to predict the probability of Nexstim 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 Nexstim Oyj's price. Additionally, you may evaluate how the addition of Nexstim Oyj to your portfolios can decrease your overall portfolio volatility.
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