Cadence Design (Germany) Technical Analysis
CDS Stock | EUR 296.40 0.40 0.14% |
As of the 4th of December, Cadence Design shows the risk adjusted performance of 0.1124, and Mean Deviation of 1.66. Cadence Design Systems 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 Cadence Design Systems variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if Cadence Design Systems is priced correctly, providing market reflects its regular price of 296.4 per share.
Cadence Design Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cadence, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CadenceCadence |
Cadence Design 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.
Cadence Design Systems 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 Cadence Design Systems volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cadence Design Systems Trend Analysis
Use this graph to draw trend lines for Cadence Design Systems. You can use it to identify possible trend reversals for Cadence Design 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 Cadence Design price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cadence Design Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cadence Design Systems applied against its price change over selected period. The best fit line has a slop of 1.02 , which means Cadence Design Systems will continue generating value for investors. It has 122 observation points and a regression sum of squares at 39546.06, which is the sum of squared deviations for the predicted Cadence Design price change compared to its average price change.About Cadence Design 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 Cadence Design Systems 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 Cadence Design Systems based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cadence Design Systems price pattern first instead of the macroeconomic environment surrounding Cadence Design Systems. By analyzing Cadence Design'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 Cadence Design'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 Cadence Design specific price patterns or momentum indicators. Please read more on our technical analysis page.
Cadence Design December 4, 2024 Technical Indicators
Most technical analysis of Cadence 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 Cadence from various momentum indicators to cycle indicators. When you analyze Cadence 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 | 0.1124 | |||
Market Risk Adjusted Performance | 0.488 | |||
Mean Deviation | 1.66 | |||
Semi Deviation | 1.79 | |||
Downside Deviation | 2.03 | |||
Coefficient Of Variation | 719.64 | |||
Standard Deviation | 2.08 | |||
Variance | 4.34 | |||
Information Ratio | 0.0846 | |||
Jensen Alpha | 0.2191 | |||
Total Risk Alpha | (0) | |||
Sortino Ratio | 0.0866 | |||
Treynor Ratio | 0.478 | |||
Maximum Drawdown | 9.71 | |||
Value At Risk | (3.06) | |||
Potential Upside | 3.55 | |||
Downside Variance | 4.14 | |||
Semi Variance | 3.2 | |||
Expected Short fall | (1.76) | |||
Skewness | 0.0346 | |||
Kurtosis | (0.32) |
Cadence Design December 4, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Cadence stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 0.15 | ||
Daily Balance Of Power | 0.21 | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 295.45 | ||
Day Typical Price | 295.77 | ||
Price Action Indicator | 1.15 | ||
Market Facilitation Index | 0.08 |
Complementary Tools for Cadence Stock analysis
When running Cadence Design's price analysis, check to measure Cadence Design'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 Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.
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