Cansino Biologics Stock Technical Analysis
| CASBF Stock | USD 3.90 0.00 0.00% |
As of the 22nd of November, CanSino Biologics shows the Risk Adjusted Performance of 0.1136, mean deviation of 2.82, and Standard Deviation of 6.81. CanSino Biologics 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 CanSino Biologics variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if CanSino Biologics is priced correctly, providing market reflects its regular price of 3.9 per share. Given that CanSino Biologics has total risk alpha of 0.1639, we suggest you to validate CanSino Biologics's prevailing market performance to make sure the company can sustain itself at a future point.
CanSino Biologics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CanSino, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanSinoCanSino |
CanSino Biologics technical pink sheet 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, pink sheet market cycles, or different charting patterns.
CanSino Biologics Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 CanSino Biologics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
CanSino Biologics Trend Analysis
Use this graph to draw trend lines for CanSino Biologics. You can use it to identify possible trend reversals for CanSino Biologics 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 CanSino Biologics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CanSino Biologics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CanSino Biologics applied against its price change over selected period. The best fit line has a slop of 0.04 , which means CanSino Biologics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 48.56, which is the sum of squared deviations for the predicted CanSino Biologics price change compared to its average price change.About CanSino Biologics 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 CanSino Biologics 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 CanSino Biologics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CanSino Biologics price pattern first instead of the macroeconomic environment surrounding CanSino Biologics. By analyzing CanSino Biologics'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 CanSino Biologics'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 CanSino Biologics specific price patterns or momentum indicators. Please read more on our technical analysis page.
CanSino Biologics November 22, 2024 Technical Indicators
Most technical analysis of CanSino 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 CanSino from various momentum indicators to cycle indicators. When you analyze CanSino 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 | 0.1136 | |||
| Market Risk Adjusted Performance | (0.93) | |||
| Mean Deviation | 2.82 | |||
| Coefficient Of Variation | 719.81 | |||
| Standard Deviation | 6.81 | |||
| Variance | 46.36 | |||
| Information Ratio | 0.1249 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | 0.1639 | |||
| Treynor Ratio | (0.94) | |||
| Maximum Drawdown | 47.88 | |||
| Potential Upside | 11.11 | |||
| Skewness | 2.47 | |||
| Kurtosis | 11.62 |
Complementary Tools for CanSino Pink Sheet analysis
When running CanSino Biologics' price analysis, check to measure CanSino Biologics' 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 CanSino Biologics is operating at the current time. Most of CanSino Biologics' value examination focuses on studying past and present price action to predict the probability of CanSino Biologics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanSino Biologics' price. Additionally, you may evaluate how the addition of CanSino Biologics to your portfolios can decrease your overall portfolio volatility.
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