Contec Medical (China) Technical Analysis
| 300869 Stock | 15.12 0.77 4.85% |
As of the 24th of November, Contec Medical shows the Mean Deviation of 2.47, risk adjusted performance of 0.065, and Downside Deviation of 3.27. Contec Medical Systems technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Contec Medical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Contec, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ContecContec |
Contec Medical 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.
Contec Medical Systems 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 Contec Medical Systems volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Contec Medical Systems Trend Analysis
Use this graph to draw trend lines for Contec Medical Systems. You can use it to identify possible trend reversals for Contec Medical 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 Contec Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Contec Medical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Contec Medical Systems applied against its price change over selected period. The best fit line has a slop of 0.08 , which means Contec Medical Systems will continue generating value for investors. It has 122 observation points and a regression sum of squares at 223.42, which is the sum of squared deviations for the predicted Contec Medical price change compared to its average price change.About Contec Medical 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 Contec Medical Systems 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 Contec Medical Systems based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Contec Medical Systems price pattern first instead of the macroeconomic environment surrounding Contec Medical Systems. By analyzing Contec Medical'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 Contec Medical'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 Contec Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Contec Medical November 24, 2024 Technical Indicators
Most technical analysis of Contec 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 Contec from various momentum indicators to cycle indicators. When you analyze Contec 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 | 0.065 | |||
| Market Risk Adjusted Performance | (0.68) | |||
| Mean Deviation | 2.47 | |||
| Semi Deviation | 3.02 | |||
| Downside Deviation | 3.27 | |||
| Coefficient Of Variation | 1343.15 | |||
| Standard Deviation | 3.67 | |||
| Variance | 13.43 | |||
| Information Ratio | 0.0388 | |||
| Jensen Alpha | 0.309 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | (0.69) | |||
| Maximum Drawdown | 26.16 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.62 | |||
| Downside Variance | 10.7 | |||
| Semi Variance | 9.12 | |||
| Expected Short fall | (2.59) | |||
| Skewness | 1.08 | |||
| Kurtosis | 5.78 |
Complementary Tools for Contec Stock analysis
When running Contec Medical's price analysis, check to measure Contec Medical's 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 Contec Medical is operating at the current time. Most of Contec Medical's value examination focuses on studying past and present price action to predict the probability of Contec Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Contec Medical's price. Additionally, you may evaluate how the addition of Contec Medical to your portfolios can decrease your overall portfolio volatility.
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