Addentax Group Corp Stock Momentum Indicators Balance Of Power
| ATXG Stock | USD 0.55 0.02 3.51% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. The Balance Of Power measures the strength of Addentax Group market sensitivity to bulls and bears. It estimates the ability of Addentax Group Corp to push price to an extreme high or extreme low level. As a result, by monitoring Addentax Group Balance of Power indicator one can determine a trend of the price direction
Addentax Group Technical Analysis Modules
Most technical analysis of Addentax Group 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 Addentax from various momentum indicators to cycle indicators. When you analyze Addentax charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Volume Indicators |
About Addentax Group Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Addentax Group Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Addentax Group Corp based on widely used predictive technical indicators. In general, we focus on analyzing Addentax Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Addentax Group's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Addentax Group's intrinsic value. In addition to deriving basic predictive indicators for Addentax Group, we also check how macroeconomic factors affect Addentax Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 7.96 | 22.82 | 11.23 | 7.35 | Days Of Inventory On Hand | 9.16 | 17.08 | 5.74 | 5.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addentax Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Addentax Group. If investors know Addentax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Addentax Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Earnings Share (0.70) | Revenue Per Share 1.037 | Quarterly Revenue Growth (0.19) | Return On Assets (0.02) |
The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Addentax Group's market value can be influenced by many factors that don't directly affect Addentax Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Addentax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addentax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addentax Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.