Orkla Asa Stock Technical Analysis
ORKLF Stock | USD 8.88 0.00 0.00% |
As of the 11th of December 2024, Orkla ASA holds the Risk Adjusted Performance of 0.0634, coefficient of variation of 1252.52, and Variance of 2.8. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Orkla ASA, as well as the relationship between them. Please check Orkla ASA variance and value at risk to decide if Orkla ASA is priced some-what accurately, providing market reflects its current price of 8.88 per share. Given that Orkla ASA has total risk alpha of (0.14), we recommend you to check out Orkla ASA's recent market performance to make sure the company can sustain itself at a future point.
Orkla ASA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Orkla, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OrklaOrkla |
Orkla ASA 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.
Orkla ASA Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Orkla ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Orkla ASA Trend Analysis
Use this graph to draw trend lines for Orkla ASA. You can use it to identify possible trend reversals for Orkla ASA 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 Orkla ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Orkla ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Orkla ASA applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Orkla ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.54, which is the sum of squared deviations for the predicted Orkla ASA price change compared to its average price change.About Orkla ASA 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 Orkla ASA 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 Orkla ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Orkla ASA price pattern first instead of the macroeconomic environment surrounding Orkla ASA. By analyzing Orkla ASA'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 Orkla ASA'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 Orkla ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Orkla ASA December 11, 2024 Technical Indicators
Most technical analysis of Orkla 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 Orkla from various momentum indicators to cycle indicators. When you analyze Orkla 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 | 0.0634 | |||
Market Risk Adjusted Performance | 0.8642 | |||
Mean Deviation | 0.4645 | |||
Coefficient Of Variation | 1252.52 | |||
Standard Deviation | 1.67 | |||
Variance | 2.8 | |||
Information Ratio | 0.0055 | |||
Jensen Alpha | 0.1071 | |||
Total Risk Alpha | (0.14) | |||
Treynor Ratio | 0.8542 | |||
Maximum Drawdown | 16.3 | |||
Value At Risk | (0.44) | |||
Skewness | 6.48 | |||
Kurtosis | 50.58 |
Complementary Tools for Orkla Pink Sheet analysis
When running Orkla ASA's price analysis, check to measure Orkla ASA'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 Orkla ASA is operating at the current time. Most of Orkla ASA's value examination focuses on studying past and present price action to predict the probability of Orkla ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orkla ASA's price. Additionally, you may evaluate how the addition of Orkla ASA to your portfolios can decrease your overall portfolio volatility.
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