Alliance Mining Corp Stock Technical Analysis
| ALM Stock | CAD 0.09 0.05 35.71% |
As of the 17th of December 2024, Alliance Mining shows the Risk Adjusted Performance of 0.0457, standard deviation of 10.61, and Mean Deviation of 3.67. Alliance Mining Corp 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. Please confirm Alliance Mining Corp standard deviation and maximum drawdown to decide if Alliance Mining Corp is priced correctly, providing market reflects its regular price of 0.09 per share.
Alliance Mining Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alliance, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AllianceAlliance |
Alliance Mining 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.
Alliance Mining Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Alliance Mining Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alliance Mining Corp Trend Analysis
Use this graph to draw trend lines for Alliance Mining Corp. You can use it to identify possible trend reversals for Alliance Mining 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 Alliance Mining price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alliance Mining Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alliance Mining Corp applied against its price change over selected period. The best fit line has a slop of 0 , which means Alliance Mining Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted Alliance Mining price change compared to its average price change.About Alliance Mining 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 Alliance Mining Corp 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 Alliance Mining Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alliance Mining Corp price pattern first instead of the macroeconomic environment surrounding Alliance Mining Corp. By analyzing Alliance Mining'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 Alliance Mining'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 Alliance Mining specific price patterns or momentum indicators. Please read more on our technical analysis page.
Alliance Mining December 17, 2024 Technical Indicators
Most technical analysis of Alliance 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 Alliance from various momentum indicators to cycle indicators. When you analyze Alliance 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 | 0.0457 | |||
| Market Risk Adjusted Performance | 0.095 | |||
| Mean Deviation | 3.67 | |||
| Coefficient Of Variation | 1986.55 | |||
| Standard Deviation | 10.61 | |||
| Variance | 112.67 | |||
| Information Ratio | 0.0423 | |||
| Jensen Alpha | 0.0598 | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.085 | |||
| Maximum Drawdown | 91.27 | |||
| Potential Upside | 17.65 | |||
| Skewness | 1.52 | |||
| Kurtosis | 14.03 |
Additional Tools for Alliance Stock Analysis
When running Alliance Mining's price analysis, check to measure Alliance Mining'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 Alliance Mining is operating at the current time. Most of Alliance Mining's value examination focuses on studying past and present price action to predict the probability of Alliance Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Mining's price. Additionally, you may evaluate how the addition of Alliance Mining to your portfolios can decrease your overall portfolio volatility.