Erdene Resource Development Stock Technical Analysis
| ERDCF Stock | USD 0.42 0.02 4.55% |
As of the 27th of November, Erdene Resource shows the Mean Deviation of 3.15, semi deviation of 2.89, and Downside Deviation of 4.05. Erdene Resource Deve technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Erdene Resource Deve downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Erdene Resource Deve is priced favorably, providing market reflects its regular price of 0.42 per share. As Erdene Resource Deve is a penny stock we also recommend to verify its total risk alpha numbers.
Erdene Resource Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Erdene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ErdeneErdene |
Erdene Resource 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.
Erdene Resource Deve Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-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 Erdene Resource Deve volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Erdene Resource Deve Trend Analysis
Use this graph to draw trend lines for Erdene Resource Development. You can use it to identify possible trend reversals for Erdene Resource 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 Erdene Resource price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Erdene Resource Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Erdene Resource Development applied against its price change over selected period. The best fit line has a slop of 0 , which means Erdene Resource Development will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.09, which is the sum of squared deviations for the predicted Erdene Resource price change compared to its average price change.About Erdene Resource 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 Erdene Resource Development 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 Erdene Resource Development based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Erdene Resource Deve price pattern first instead of the macroeconomic environment surrounding Erdene Resource Deve. By analyzing Erdene Resource'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 Erdene Resource'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 Erdene Resource specific price patterns or momentum indicators. Please read more on our technical analysis page.
Erdene Resource November 27, 2024 Technical Indicators
Most technical analysis of Erdene 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 Erdene from various momentum indicators to cycle indicators. When you analyze Erdene 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 | 0.092 | |||
| Market Risk Adjusted Performance | (0.95) | |||
| Mean Deviation | 3.15 | |||
| Semi Deviation | 2.89 | |||
| Downside Deviation | 4.05 | |||
| Coefficient Of Variation | 910.89 | |||
| Standard Deviation | 4.06 | |||
| Variance | 16.49 | |||
| Information Ratio | 0.0777 | |||
| Jensen Alpha | 0.4905 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | (0.96) | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 8.11 | |||
| Downside Variance | 16.41 | |||
| Semi Variance | 8.35 | |||
| Expected Short fall | (4.78) | |||
| Skewness | 0.5795 | |||
| Kurtosis | 0.0386 |
Complementary Tools for Erdene Pink Sheet analysis
When running Erdene Resource's price analysis, check to measure Erdene Resource'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 Erdene Resource is operating at the current time. Most of Erdene Resource's value examination focuses on studying past and present price action to predict the probability of Erdene Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erdene Resource's price. Additionally, you may evaluate how the addition of Erdene Resource to your portfolios can decrease your overall portfolio volatility.
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