Merry Electronics (Taiwan) Technical Analysis
| 2439 Stock | TWD 109.00 1.50 1.36% |
As of the 24th of November, Merry Electronics secures the Standard Deviation of 2.2, mean deviation of 1.69, and Risk Adjusted Performance of (0.1). Merry Electronics Co 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 Merry Electronics treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Merry Electronics Co is priced some-what accurately, providing market reflects its recent price of 109.0 per share.
Merry Electronics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Merry, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MerryMerry |
Merry Electronics 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.
Merry Electronics 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 Merry Electronics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Merry Electronics Trend Analysis
Use this graph to draw trend lines for Merry Electronics Co. You can use it to identify possible trend reversals for Merry Electronics 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 Merry Electronics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Merry Electronics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Merry Electronics Co applied against its price change over selected period. The best fit line has a slop of 0.57 , which may suggest that Merry Electronics Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12100.79, which is the sum of squared deviations for the predicted Merry Electronics price change compared to its average price change.About Merry Electronics 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 Merry Electronics Co 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 Merry Electronics Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Merry Electronics price pattern first instead of the macroeconomic environment surrounding Merry Electronics. By analyzing Merry Electronics'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 Merry Electronics'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 Merry Electronics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Merry Electronics November 24, 2024 Technical Indicators
Most technical analysis of Merry 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 Merry from various momentum indicators to cycle indicators. When you analyze Merry 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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| Risk Adjusted Performance | (0.1) | |||
| Market Risk Adjusted Performance | 1.93 | |||
| Mean Deviation | 1.69 | |||
| Coefficient Of Variation | (736.35) | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.86 | |||
| Information Ratio | (0.20) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.92 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.29 | |||
| Skewness | (0.43) | |||
| Kurtosis | 0.6854 |
Additional Tools for Merry Stock Analysis
When running Merry Electronics' price analysis, check to measure Merry Electronics' 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 Merry Electronics is operating at the current time. Most of Merry Electronics' value examination focuses on studying past and present price action to predict the probability of Merry Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merry Electronics' price. Additionally, you may evaluate how the addition of Merry Electronics to your portfolios can decrease your overall portfolio volatility.