Merida Industry (Taiwan) Technical Analysis
| 9914 Stock | TWD 155.50 1.50 0.96% |
As of the 24th of November, Merida Industry secures the Risk Adjusted Performance of (0.21), mean deviation of 1.62, and Standard Deviation of 2.16. Merida Industry Co 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 Merida Industry information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Merida Industry Co is priced some-what accurately, providing market reflects its recent price of 155.5 per share.
Merida Industry Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Merida, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MeridaMerida |
Merida Industry 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.
Merida Industry 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 Merida Industry volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Merida Industry Trend Analysis
Use this graph to draw trend lines for Merida Industry Co. You can use it to identify possible trend reversals for Merida Industry 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 Merida Industry price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Merida Industry Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Merida Industry Co applied against its price change over selected period. The best fit line has a slop of 1.61 , which may suggest that Merida Industry Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 97624.07, which is the sum of squared deviations for the predicted Merida Industry price change compared to its average price change.About Merida Industry 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 Merida Industry Co 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 Merida Industry Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Merida Industry price pattern first instead of the macroeconomic environment surrounding Merida Industry. By analyzing Merida Industry'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 Merida Industry'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 Merida Industry specific price patterns or momentum indicators. Please read more on our technical analysis page.
Merida Industry November 24, 2024 Technical Indicators
Most technical analysis of Merida 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 Merida from various momentum indicators to cycle indicators. When you analyze Merida 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 | (0.21) | |||
| Market Risk Adjusted Performance | 3.61 | |||
| Mean Deviation | 1.62 | |||
| Coefficient Of Variation | (347.09) | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.67 | |||
| Information Ratio | (0.35) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 3.6 | |||
| Maximum Drawdown | 10.94 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.41 | |||
| Skewness | (0.03) | |||
| Kurtosis | 0.6204 |
Additional Tools for Merida Stock Analysis
When running Merida Industry's price analysis, check to measure Merida Industry'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 Merida Industry is operating at the current time. Most of Merida Industry's value examination focuses on studying past and present price action to predict the probability of Merida Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merida Industry's price. Additionally, you may evaluate how the addition of Merida Industry to your portfolios can decrease your overall portfolio volatility.