Nova Wellness (Malaysia) Technical Analysis
| 0201 Stock | 0.45 0.01 2.27% |
As of the 25th of November, Nova Wellness secures the Mean Deviation of 1.67, standard deviation of 2.43, and Risk Adjusted Performance of (0.03). Nova Wellness Group technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify Nova Wellness Group information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Nova Wellness Group is priced some-what accurately, providing market reflects its recent price of 0.45 per share.
Nova Wellness Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
Nova Wellness 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.
Nova Wellness Group Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Nova Wellness Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Wellness Group Trend Analysis
Use this graph to draw trend lines for Nova Wellness Group. You can use it to identify possible trend reversals for Nova Wellness 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 Nova Wellness price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Wellness Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Wellness Group applied against its price change over selected period. The best fit line has a slop of 0.000022 , which means Nova Wellness Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Nova Wellness price change compared to its average price change.About Nova Wellness 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 Nova Wellness Group 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 Nova Wellness Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova Wellness Group price pattern first instead of the macroeconomic environment surrounding Nova Wellness Group. By analyzing Nova Wellness'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 Nova Wellness'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 Nova Wellness specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nova Wellness November 25, 2024 Technical Indicators
Most technical analysis of Nova 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 Nova from various momentum indicators to cycle indicators. When you analyze Nova 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 | (0.03) | |||
| Market Risk Adjusted Performance | 0.6175 | |||
| Mean Deviation | 1.67 | |||
| Coefficient Of Variation | (1,867) | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.9 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.6075 | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.44 | |||
| Skewness | (0.49) | |||
| Kurtosis | 1.35 |
Other Information on Investing in Nova Stock
Nova Wellness financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Wellness security.