Convatec Group Plc Stock Technical Analysis
| CNVVF Stock | USD 2.95 0.10 3.51% |
As of the 30th of November, ConvaTec Group shows the Risk Adjusted Performance of 0.0084, standard deviation of 4.03, and Mean Deviation of 0.8666. ConvaTec Group Plc 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 ConvaTec Group Plc variance and kurtosis to decide if ConvaTec Group Plc is priced correctly, providing market reflects its regular price of 2.95 per share. Please also double-check ConvaTec Group Plc information ratio, which is currently at (0.03) to validate the company can sustain itself at a future point.
ConvaTec Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ConvaTec, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ConvaTecConvaTec |
ConvaTec Group 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.
ConvaTec Group Plc Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 ConvaTec Group Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ConvaTec Group Plc Trend Analysis
Use this graph to draw trend lines for ConvaTec Group Plc. You can use it to identify possible trend reversals for ConvaTec Group 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 ConvaTec Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ConvaTec Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ConvaTec Group Plc applied against its price change over selected period. The best fit line has a slop of 0 , which means ConvaTec Group Plc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.86, which is the sum of squared deviations for the predicted ConvaTec Group price change compared to its average price change.About ConvaTec Group 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 ConvaTec Group Plc 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 ConvaTec Group Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ConvaTec Group Plc price pattern first instead of the macroeconomic environment surrounding ConvaTec Group Plc. By analyzing ConvaTec Group'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 ConvaTec Group'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 ConvaTec Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
ConvaTec Group November 30, 2024 Technical Indicators
Most technical analysis of ConvaTec 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 ConvaTec from various momentum indicators to cycle indicators. When you analyze ConvaTec 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 | 0.0084 | |||
| Market Risk Adjusted Performance | 0.0732 | |||
| Mean Deviation | 0.8666 | |||
| Coefficient Of Variation | 291490.99 | |||
| Standard Deviation | 4.03 | |||
| Variance | 16.21 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.0632 | |||
| Maximum Drawdown | 41.02 | |||
| Skewness | 2.38 | |||
| Kurtosis | 28.04 |
Complementary Tools for ConvaTec Pink Sheet analysis
When running ConvaTec Group's price analysis, check to measure ConvaTec Group'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 ConvaTec Group is operating at the current time. Most of ConvaTec Group's value examination focuses on studying past and present price action to predict the probability of ConvaTec Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConvaTec Group's price. Additionally, you may evaluate how the addition of ConvaTec Group to your portfolios can decrease your overall portfolio volatility.
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