Minetech Resources (Malaysia) Technical Analysis
| 7219 Stock | 0.14 0.01 6.67% |
As of the 22nd of November, Minetech Resources secures the Risk Adjusted Performance of 0.024, mean deviation of 2.21, and Downside Deviation of 7.16. Minetech Resources Bhd 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 Minetech Resources Bhd downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Minetech Resources Bhd is priced some-what accurately, providing market reflects its recent price of 0.14 per share.
Minetech Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Minetech, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MinetechMinetech |
Minetech Resources 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.
Minetech Resources Bhd Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Minetech Resources Bhd volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Minetech Resources Bhd Trend Analysis
Use this graph to draw trend lines for Minetech Resources Bhd. You can use it to identify possible trend reversals for Minetech Resources 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 Minetech Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Minetech Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Minetech Resources Bhd applied against its price change over selected period. The best fit line has a slop of 0.0002 , which means Minetech Resources Bhd will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Minetech Resources price change compared to its average price change.About Minetech Resources 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 Minetech Resources Bhd 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 Minetech Resources Bhd based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Minetech Resources Bhd price pattern first instead of the macroeconomic environment surrounding Minetech Resources Bhd. By analyzing Minetech Resources'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 Minetech Resources'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 Minetech Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Minetech Resources November 22, 2024 Technical Indicators
Most technical analysis of Minetech 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 Minetech from various momentum indicators to cycle indicators. When you analyze Minetech 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 | 0.024 | |||
| Market Risk Adjusted Performance | 0.0916 | |||
| Mean Deviation | 2.21 | |||
| Semi Deviation | 2.83 | |||
| Downside Deviation | 7.16 | |||
| Coefficient Of Variation | 4823.04 | |||
| Standard Deviation | 4.31 | |||
| Variance | 18.6 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0816 | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 | |||
| Downside Variance | 51.24 | |||
| Semi Variance | 8.0 | |||
| Expected Short fall | (9.21) | |||
| Skewness | 0.9752 | |||
| Kurtosis | 2.83 |
Other Information on Investing in Minetech Stock
Minetech Resources financial ratios help investors to determine whether Minetech Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Minetech with respect to the benefits of owning Minetech Resources security.