Azure Power Global Stock Technical Analysis
| AZREDelisted Stock | USD 0.34 1.24 78.48% |
As of the 26th of November, Azure Power shows the Mean Deviation of 5.15, risk adjusted performance of (0.10), and Standard Deviation of 10.98. Azure Power Global 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 Azure Power Global market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Azure Power Global is priced correctly, providing market reflects its regular price of 0.34 per share. As Azure Power Global appears to be a penny stock we also recommend to validate its jensen alpha numbers.
Azure Power Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Azure, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AzureAzure |
Azure Power 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.
Azure Power Global Technical Analysis
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Azure Power Global Trend Analysis
Use this graph to draw trend lines for Azure Power Global. You can use it to identify possible trend reversals for Azure Power 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 Azure Power price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Azure Power Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Azure Power Global applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Azure Power Global market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.42, which is the sum of squared deviations for the predicted Azure Power price change compared to its average price change.About Azure Power 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 Azure Power Global 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 Azure Power Global based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Azure Power Global price pattern first instead of the macroeconomic environment surrounding Azure Power Global. By analyzing Azure Power'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 Azure Power'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 Azure Power specific price patterns or momentum indicators. Please read more on our technical analysis page.
Azure Power November 26, 2024 Technical Indicators
Most technical analysis of Azure 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 Azure from various momentum indicators to cycle indicators. When you analyze Azure 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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| Volume Indicators |
| Risk Adjusted Performance | (0.10) | |||
| Market Risk Adjusted Performance | 0.7146 | |||
| Mean Deviation | 5.15 | |||
| Coefficient Of Variation | (701.27) | |||
| Standard Deviation | 10.98 | |||
| Variance | 120.57 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (1.31) | |||
| Total Risk Alpha | (3.31) | |||
| Treynor Ratio | 0.7046 | |||
| Maximum Drawdown | 26.32 | |||
| Value At Risk | (10.05) | |||
| Potential Upside | 6.84 | |||
| Skewness | (5.70) | |||
| Kurtosis | 40.69 |
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 metropolitan statistical area. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Azure Stock
If you are still planning to invest in Azure Power Global 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 Azure Power's history and understand the potential risks before investing.
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