Pyrum Innovations (Norway) Technical Analysis
| PYRUM Stock | 344.00 6.00 1.78% |
As of the 15th of December 2024, Pyrum Innovations holds the Semi Deviation of 2.12, risk adjusted performance of 0.0457, and Coefficient Of Variation of 1919.39. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pyrum Innovations, as well as the relationship between them.
Pyrum Innovations Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Pyrum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PyrumPyrum |
Pyrum Innovations 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.
Pyrum Innovations Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Pyrum Innovations volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Pyrum Innovations Trend Analysis
Use this graph to draw trend lines for Pyrum Innovations AG. You can use it to identify possible trend reversals for Pyrum Innovations 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 Pyrum Innovations price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Pyrum Innovations Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Pyrum Innovations AG applied against its price change over selected period. The best fit line has a slop of 0.74 , which means Pyrum Innovations AG will continue generating value for investors. It has 122 observation points and a regression sum of squares at 20827.61, which is the sum of squared deviations for the predicted Pyrum Innovations price change compared to its average price change.About Pyrum Innovations 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 Pyrum Innovations AG 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 Pyrum Innovations AG based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Pyrum Innovations price pattern first instead of the macroeconomic environment surrounding Pyrum Innovations. By analyzing Pyrum Innovations'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 Pyrum Innovations'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 Pyrum Innovations specific price patterns or momentum indicators. Please read more on our technical analysis page.
Pyrum Innovations December 15, 2024 Technical Indicators
Most technical analysis of Pyrum 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 Pyrum from various momentum indicators to cycle indicators. When you analyze Pyrum 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0457 | |||
| Market Risk Adjusted Performance | (7.84) | |||
| Mean Deviation | 2.05 | |||
| Semi Deviation | 2.12 | |||
| Downside Deviation | 2.8 | |||
| Coefficient Of Variation | 1919.39 | |||
| Standard Deviation | 3.43 | |||
| Variance | 11.77 | |||
| Information Ratio | 0.0229 | |||
| Jensen Alpha | 0.1706 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | (7.85) | |||
| Maximum Drawdown | 25.43 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 4.35 | |||
| Downside Variance | 7.85 | |||
| Semi Variance | 4.49 | |||
| Expected Short fall | (3.12) | |||
| Skewness | 2.75 | |||
| Kurtosis | 14.56 |
Other Information on Investing in Pyrum Stock
Pyrum Innovations financial ratios help investors to determine whether Pyrum 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 Pyrum with respect to the benefits of owning Pyrum Innovations security.