Formosa Optical (Taiwan) Technical Analysis
| 5312 Stock | TWD 106.50 0.50 0.47% |
As of the 24th of November, Formosa Optical shows the Coefficient Of Variation of 642.61, downside deviation of 0.627, and Mean Deviation of 0.5067. Formosa Optical Tech technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Formosa Optical Tech variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Formosa Optical Tech is priced favorably, providing market reflects its regular price of 106.5 per share.
Formosa Optical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Formosa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FormosaFormosa |
Formosa Optical 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.
Formosa Optical Tech 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 Formosa Optical Tech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Formosa Optical Tech Trend Analysis
Use this graph to draw trend lines for Formosa Optical Technology. You can use it to identify possible trend reversals for Formosa Optical 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 Formosa Optical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Formosa Optical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Formosa Optical Technology applied against its price change over selected period. The best fit line has a slop of 0.14 , which means Formosa Optical Technology will continue generating value for investors. It has 122 observation points and a regression sum of squares at 699.38, which is the sum of squared deviations for the predicted Formosa Optical price change compared to its average price change.About Formosa Optical 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 Formosa Optical Technology 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 Formosa Optical Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Formosa Optical Tech price pattern first instead of the macroeconomic environment surrounding Formosa Optical Tech. By analyzing Formosa Optical'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 Formosa Optical'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 Formosa Optical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Formosa Optical November 24, 2024 Technical Indicators
Most technical analysis of Formosa 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 Formosa from various momentum indicators to cycle indicators. When you analyze Formosa 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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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.1194 | |||
| Market Risk Adjusted Performance | (5.24) | |||
| Mean Deviation | 0.5067 | |||
| Semi Deviation | 0.2724 | |||
| Downside Deviation | 0.627 | |||
| Coefficient Of Variation | 642.61 | |||
| Standard Deviation | 0.7694 | |||
| Variance | 0.592 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.1123 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (5.25) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.995 | |||
| Downside Variance | 0.3931 | |||
| Semi Variance | 0.0742 | |||
| Expected Short fall | (0.82) | |||
| Skewness | 1.83 | |||
| Kurtosis | 5.76 |
Additional Tools for Formosa Stock Analysis
When running Formosa Optical's price analysis, check to measure Formosa Optical'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 Formosa Optical is operating at the current time. Most of Formosa Optical's value examination focuses on studying past and present price action to predict the probability of Formosa Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Optical's price. Additionally, you may evaluate how the addition of Formosa Optical to your portfolios can decrease your overall portfolio volatility.