Coda Octopus Group Stock Technical Analysis
| CODA Stock | USD 9.32 0.15 1.58% |
As of the 23rd of November, Coda Octopus shows the risk adjusted performance of 0.1197, and Mean Deviation of 1.99. Coda Octopus Group 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.
Coda Octopus Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Coda, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CodaCoda |
Coda Octopus Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 10.0 | Strong Buy | 1 | Odds |
Most Coda analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Coda stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Coda Octopus Group, talking to its executives and customers, or listening to Coda conference calls.
Coda Octopus 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.
Coda Octopus Group Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Coda Octopus Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Coda Octopus Group Trend Analysis
Use this graph to draw trend lines for Coda Octopus Group. You can use it to identify possible trend reversals for Coda Octopus 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 Coda Octopus price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Coda Octopus Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Coda Octopus Group applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Coda Octopus Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 66.73, which is the sum of squared deviations for the predicted Coda Octopus price change compared to its average price change.About Coda Octopus 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 Coda Octopus Group 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 Coda Octopus Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Coda Octopus Group price pattern first instead of the macroeconomic environment surrounding Coda Octopus Group. By analyzing Coda Octopus'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 Coda Octopus'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 Coda Octopus specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0234 | 0.0122 | Price To Sales Ratio | 3.42 | 3.59 |
Coda Octopus November 23, 2024 Technical Indicators
Most technical analysis of Coda 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 Coda from various momentum indicators to cycle indicators. When you analyze Coda 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 | 0.1197 | |||
| Market Risk Adjusted Performance | 2.63 | |||
| Mean Deviation | 1.99 | |||
| Semi Deviation | 1.76 | |||
| Downside Deviation | 1.93 | |||
| Coefficient Of Variation | 680.74 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.71 | |||
| Information Ratio | 0.0964 | |||
| Jensen Alpha | 0.3535 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1296 | |||
| Treynor Ratio | 2.62 | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 5.83 | |||
| Downside Variance | 3.72 | |||
| Semi Variance | 3.11 | |||
| Expected Short fall | (2.49) | |||
| Skewness | 0.8331 | |||
| Kurtosis | 0.788 |
Complementary Tools for Coda Stock analysis
When running Coda Octopus' price analysis, check to measure Coda Octopus' 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 Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
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