TaiMed Biologics (Taiwan) Technical Analysis
| 4147 Stock | TWD 79.90 1.30 1.65% |
As of the 23rd of November, TaiMed Biologics has the Coefficient Of Variation of (26,507), risk adjusted performance of 0.0024, and Variance of 2.62. TaiMed Biologics technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. Please validate TaiMed Biologics mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if TaiMed Biologics is priced more or less accurately, providing market reflects its prevalent price of 79.9 per share.
TaiMed Biologics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TaiMed, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TaiMedTaiMed |
TaiMed Biologics 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.
TaiMed Biologics 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 TaiMed Biologics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TaiMed Biologics Trend Analysis
Use this graph to draw trend lines for TaiMed Biologics. You can use it to identify possible trend reversals for TaiMed Biologics 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 TaiMed Biologics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TaiMed Biologics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TaiMed Biologics applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that TaiMed Biologics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22.56, which is the sum of squared deviations for the predicted TaiMed Biologics price change compared to its average price change.About TaiMed Biologics 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 TaiMed Biologics 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 TaiMed Biologics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TaiMed Biologics price pattern first instead of the macroeconomic environment surrounding TaiMed Biologics. By analyzing TaiMed Biologics'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 TaiMed Biologics'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 TaiMed Biologics specific price patterns or momentum indicators. Please read more on our technical analysis page.
TaiMed Biologics November 23, 2024 Technical Indicators
Most technical analysis of TaiMed 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 TaiMed from various momentum indicators to cycle indicators. When you analyze TaiMed 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 | 0.0024 | |||
| Market Risk Adjusted Performance | 2.25 | |||
| Mean Deviation | 1.13 | |||
| Coefficient Of Variation | (26,507) | |||
| Standard Deviation | 1.62 | |||
| Variance | 2.62 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.24 | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.37 | |||
| Skewness | 1.31 | |||
| Kurtosis | 5.41 |
Additional Tools for TaiMed Stock Analysis
When running TaiMed Biologics' price analysis, check to measure TaiMed Biologics' 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 TaiMed Biologics is operating at the current time. Most of TaiMed Biologics' value examination focuses on studying past and present price action to predict the probability of TaiMed Biologics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TaiMed Biologics' price. Additionally, you may evaluate how the addition of TaiMed Biologics to your portfolios can decrease your overall portfolio volatility.