Absolute Software Stock Technical Analysis
ABSTDelisted Stock | USD 11.48 0.00 0.00% |
As of the 26th of November, Absolute Software shows the Coefficient Of Variation of 713.26, mean deviation of 1.38, and Risk Adjusted Performance of 0.1153. Absolute Software technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Absolute Software Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Absolute, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AbsoluteAbsolute |
Absolute Software 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, delisted stock market cycles, or different charting patterns.
Absolute Software Technical Analysis
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Absolute Software Trend Analysis
Use this graph to draw trend lines for Absolute Software. You can use it to identify possible trend reversals for Absolute Software 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 Absolute Software price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Absolute Software Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Absolute Software applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Absolute Software will continue generating value for investors. It has 122 observation points and a regression sum of squares at 72.82, which is the sum of squared deviations for the predicted Absolute Software price change compared to its average price change.About Absolute Software 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 Absolute Software 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 Absolute Software based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Absolute Software price pattern first instead of the macroeconomic environment surrounding Absolute Software. By analyzing Absolute Software'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 Absolute Software'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 Absolute Software specific price patterns or momentum indicators. Please read more on our technical analysis page.
Absolute Software November 26, 2024 Technical Indicators
Most technical analysis of Absolute 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 Absolute from various momentum indicators to cycle indicators. When you analyze Absolute 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 | 0.1153 | |||
Market Risk Adjusted Performance | (3.98) | |||
Mean Deviation | 1.38 | |||
Downside Deviation | 1.01 | |||
Coefficient Of Variation | 713.26 | |||
Standard Deviation | 4.15 | |||
Variance | 17.25 | |||
Information Ratio | 0.1092 | |||
Jensen Alpha | 0.5892 | |||
Total Risk Alpha | (0.07) | |||
Sortino Ratio | 0.4476 | |||
Treynor Ratio | (3.99) | |||
Maximum Drawdown | 33.52 | |||
Value At Risk | (1.29) | |||
Potential Upside | 2.14 | |||
Downside Variance | 1.03 | |||
Semi Variance | (0.09) | |||
Expected Short fall | (1.99) | |||
Skewness | 7.29 | |||
Kurtosis | 56.77 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Consideration for investing in Absolute Stock
If you are still planning to invest in Absolute Software check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Absolute Software's history and understand the potential risks before investing.
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