Tysnes Sparebank (Norway) Technical Analysis
| TYSB Stock | NOK 116.52 1.98 1.67% |
As of the 11th of December 2024, Tysnes Sparebank has the Coefficient Of Variation of (1,715), variance of 0.5184, and Risk Adjusted Performance of (0.04). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tysnes Sparebank, as well as the relationship between them. Please validate Tysnes Sparebank mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Tysnes Sparebank is priced more or less accurately, providing market reflects its prevalent price of 116.52 per share.
Tysnes Sparebank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tysnes, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TysnesTysnes |
Tysnes Sparebank 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.
Tysnes Sparebank Technical Analysis
The output start index for this execution was sixty with a total number of output elements of 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 Tysnes Sparebank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tysnes Sparebank Trend Analysis
Use this graph to draw trend lines for Tysnes Sparebank. You can use it to identify possible trend reversals for Tysnes Sparebank 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 Tysnes Sparebank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tysnes Sparebank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tysnes Sparebank applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Tysnes Sparebank market price will keep on failing further. It has 122 observation points and a regression sum of squares at 186.73, which is the sum of squared deviations for the predicted Tysnes Sparebank price change compared to its average price change.About Tysnes Sparebank 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 Tysnes Sparebank 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 Tysnes Sparebank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tysnes Sparebank price pattern first instead of the macroeconomic environment surrounding Tysnes Sparebank. By analyzing Tysnes Sparebank'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 Tysnes Sparebank'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 Tysnes Sparebank specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tysnes Sparebank December 11, 2024 Technical Indicators
Most technical analysis of Tysnes 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 Tysnes from various momentum indicators to cycle indicators. When you analyze Tysnes 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 | (0.04) | |||
| Market Risk Adjusted Performance | (12.67) | |||
| Mean Deviation | 0.3229 | |||
| Coefficient Of Variation | (1,715) | |||
| Standard Deviation | 0.72 | |||
| Variance | 0.5184 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (12.68) | |||
| Maximum Drawdown | 5.47 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 0.8362 | |||
| Skewness | (2.42) | |||
| Kurtosis | 12.37 |
Other Information on Investing in Tysnes Stock
Tysnes Sparebank financial ratios help investors to determine whether Tysnes 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 Tysnes with respect to the benefits of owning Tysnes Sparebank security.