Evonik Industries Ag Stock Technical Analysis
| EVKIF Stock | USD 17.90 1.72 8.77% |
As of the 1st of December, Evonik Industries shows the Mean Deviation of 0.9431, variance of 5.08, and Standard Deviation of 2.25. Evonik Industries 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 Evonik Industries variance and value at risk to decide if Evonik Industries is priced favorably, providing market reflects its regular price of 17.9 per share. Given that Evonik Industries has total risk alpha of (0.67), we urge you to verify Evonik Industries AG's prevailing market performance to make sure the company can sustain itself at a future point.
Evonik Industries Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Evonik, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EvonikEvonik |
Evonik Industries 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.
Evonik Industries Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Evonik Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Evonik Industries Trend Analysis
Use this graph to draw trend lines for Evonik Industries AG. You can use it to identify possible trend reversals for Evonik Industries 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 Evonik Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Evonik Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Evonik Industries AG applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that Evonik Industries AG market price will keep on failing further. It has 122 observation points and a regression sum of squares at 238.25, which is the sum of squared deviations for the predicted Evonik Industries price change compared to its average price change.About Evonik Industries 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 Evonik Industries AG 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 Evonik Industries AG based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Evonik Industries price pattern first instead of the macroeconomic environment surrounding Evonik Industries. By analyzing Evonik Industries'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 Evonik Industries'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 Evonik Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
Evonik Industries December 1, 2024 Technical Indicators
Most technical analysis of Evonik 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 Evonik from various momentum indicators to cycle indicators. When you analyze Evonik 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 | (0.09) | |||
| Market Risk Adjusted Performance | (2.67) | |||
| Mean Deviation | 0.9431 | |||
| Coefficient Of Variation | (794.73) | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.08 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (2.68) | |||
| Maximum Drawdown | 20.2 | |||
| Value At Risk | (4.33) | |||
| Skewness | 0.6915 | |||
| Kurtosis | 14.75 |
Complementary Tools for Evonik Pink Sheet analysis
When running Evonik Industries' price analysis, check to measure Evonik Industries' 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 Evonik Industries is operating at the current time. Most of Evonik Industries' value examination focuses on studying past and present price action to predict the probability of Evonik Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evonik Industries' price. Additionally, you may evaluate how the addition of Evonik Industries to your portfolios can decrease your overall portfolio volatility.
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