Novatek Microelectronics (Taiwan) Technical Analysis
| 3034 Stock | TWD 491.00 11.00 2.29% |
As of the 26th of November, Novatek Microelectronics secures the Mean Deviation of 1.13, standard deviation of 1.52, and Risk Adjusted Performance of (0.07). Novatek Microelectronics Corp 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 Novatek Microelectronics value at risk, skewness, and the relationship between the maximum drawdown and potential upside to decide if Novatek Microelectronics Corp is priced some-what accurately, providing market reflects its recent price of 491.0 per share.
Novatek Microelectronics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novatek, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovatekNovatek |
Novatek Microelectronics 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.
Novatek Microelectronics Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Novatek Microelectronics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Novatek Microelectronics Trend Analysis
Use this graph to draw trend lines for Novatek Microelectronics Corp. You can use it to identify possible trend reversals for Novatek Microelectronics 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 Novatek Microelectronics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Novatek Microelectronics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Novatek Microelectronics Corp applied against its price change over selected period. The best fit line has a slop of 0.77 , which may suggest that Novatek Microelectronics Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22686.97, which is the sum of squared deviations for the predicted Novatek Microelectronics price change compared to its average price change.About Novatek Microelectronics 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 Novatek Microelectronics Corp 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 Novatek Microelectronics Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novatek Microelectronics price pattern first instead of the macroeconomic environment surrounding Novatek Microelectronics. By analyzing Novatek Microelectronics'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 Novatek Microelectronics'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 Novatek Microelectronics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Novatek Microelectronics November 26, 2024 Technical Indicators
Most technical analysis of Novatek 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 Novatek from various momentum indicators to cycle indicators. When you analyze Novatek 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 | (0.07) | |||
| Market Risk Adjusted Performance | (0.48) | |||
| Mean Deviation | 1.13 | |||
| Coefficient Of Variation | (966.82) | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.32 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.49) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 1.97 | |||
| Skewness | (0.86) | |||
| Kurtosis | 2.28 |
Additional Tools for Novatek Stock Analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.