Alumindo Light (Indonesia) Technical Analysis
| ALMI Stock | IDR 74.00 0.00 0.00% |
As of the 27th of November, Alumindo Light shows the Mean Deviation of 2.78, risk adjusted performance of 0.0474, and Downside Deviation of 5.77. Alumindo Light Metal 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.
Alumindo Light Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alumindo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlumindoAlumindo |
Alumindo Light 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.
Alumindo Light Metal 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 Alumindo Light Metal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alumindo Light Metal Trend Analysis
Use this graph to draw trend lines for Alumindo Light Metal. You can use it to identify possible trend reversals for Alumindo Light 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 Alumindo Light price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alumindo Light Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alumindo Light Metal applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Alumindo Light Metal market price will keep on failing further. It has 122 observation points and a regression sum of squares at 167.64, which is the sum of squared deviations for the predicted Alumindo Light price change compared to its average price change.About Alumindo Light 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 Alumindo Light Metal 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 Alumindo Light Metal based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alumindo Light Metal price pattern first instead of the macroeconomic environment surrounding Alumindo Light Metal. By analyzing Alumindo Light'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 Alumindo Light'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 Alumindo Light specific price patterns or momentum indicators. Please read more on our technical analysis page.
Alumindo Light November 27, 2024 Technical Indicators
Most technical analysis of Alumindo 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 Alumindo from various momentum indicators to cycle indicators. When you analyze Alumindo 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 | 0.0474 | |||
| Market Risk Adjusted Performance | (0.31) | |||
| Mean Deviation | 2.78 | |||
| Semi Deviation | 3.34 | |||
| Downside Deviation | 5.77 | |||
| Coefficient Of Variation | 1945.22 | |||
| Standard Deviation | 4.11 | |||
| Variance | 16.88 | |||
| Information Ratio | 0.0201 | |||
| Jensen Alpha | 0.2747 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0143 | |||
| Treynor Ratio | (0.32) | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 8.0 | |||
| Downside Variance | 33.29 | |||
| Semi Variance | 11.13 | |||
| Expected Short fall | (4.58) | |||
| Skewness | 0.0515 | |||
| Kurtosis | 0.2303 |
Other Information on Investing in Alumindo Stock
Alumindo Light financial ratios help investors to determine whether Alumindo 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 Alumindo with respect to the benefits of owning Alumindo Light security.