Canoe Eit Income Stock Technical Analysis
| EIT-UN Stock | CAD 15.70 0.10 0.64% |
As of the 2nd of December, Canoe EIT shows the Coefficient Of Variation of 272.21, risk adjusted performance of 0.2759, and Mean Deviation of 0.3794. Canoe EIT Income 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.
Canoe EIT Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canoe, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanoeCanoe |
Canoe EIT 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.
Canoe EIT Income Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Canoe EIT Income volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canoe EIT Income Trend Analysis
Use this graph to draw trend lines for Canoe EIT Income. You can use it to identify possible trend reversals for Canoe EIT 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 Canoe EIT price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canoe EIT Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canoe EIT Income applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Canoe EIT Income will continue generating value for investors. It has 122 observation points and a regression sum of squares at 32.59, which is the sum of squared deviations for the predicted Canoe EIT price change compared to its average price change.About Canoe EIT 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 Canoe EIT Income 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 Canoe EIT Income based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canoe EIT Income price pattern first instead of the macroeconomic environment surrounding Canoe EIT Income. By analyzing Canoe EIT'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 Canoe EIT'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 Canoe EIT specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | PTB Ratio | 0.92 | 0.94 | 1.03 | Dividend Yield | 0.0894 | 0.0892 | 0.0935 |
Canoe EIT December 2, 2024 Technical Indicators
Most technical analysis of Canoe 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 Canoe from various momentum indicators to cycle indicators. When you analyze Canoe 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 | 0.2759 | |||
| Market Risk Adjusted Performance | 0.6573 | |||
| Mean Deviation | 0.3794 | |||
| Downside Deviation | 0.3805 | |||
| Coefficient Of Variation | 272.21 | |||
| Standard Deviation | 0.5121 | |||
| Variance | 0.2623 | |||
| Information Ratio | 0.0987 | |||
| Jensen Alpha | 0.143 | |||
| Total Risk Alpha | 0.0927 | |||
| Sortino Ratio | 0.1328 | |||
| Treynor Ratio | 0.6473 | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.9421 | |||
| Downside Variance | 0.1448 | |||
| Semi Variance | (0.10) | |||
| Expected Short fall | (0.50) | |||
| Skewness | 1.06 | |||
| Kurtosis | 2.94 |
Complementary Tools for Canoe Stock analysis
When running Canoe EIT's price analysis, check to measure Canoe EIT'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 Canoe EIT is operating at the current time. Most of Canoe EIT's value examination focuses on studying past and present price action to predict the probability of Canoe EIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoe EIT's price. Additionally, you may evaluate how the addition of Canoe EIT to your portfolios can decrease your overall portfolio volatility.
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