Neogen Chemicals (India) Technical Analysis
| NEOGEN Stock | 1,922 19.15 0.99% |
As of the 26th of November, Neogen Chemicals secures the Downside Deviation of 3.03, mean deviation of 2.62, and Risk Adjusted Performance of 0.086. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Neogen Chemicals, as well as the relationship between them.
Neogen Chemicals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Neogen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NeogenNeogen |
Neogen Chemicals 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.
Neogen Chemicals 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 Neogen Chemicals volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Neogen Chemicals Trend Analysis
Use this graph to draw trend lines for Neogen Chemicals Limited. You can use it to identify possible trend reversals for Neogen Chemicals 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 Neogen Chemicals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Neogen Chemicals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Neogen Chemicals Limited applied against its price change over selected period. The best fit line has a slop of 6.89 , which means Neogen Chemicals Limited will continue producing value for investors. It has 122 observation points and a regression sum of squares at 1794889.96, which is the sum of squared deviations for the predicted Neogen Chemicals price change compared to its average price change.About Neogen Chemicals 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 Neogen Chemicals Limited 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 Neogen Chemicals Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Neogen Chemicals price pattern first instead of the macroeconomic environment surrounding Neogen Chemicals. By analyzing Neogen Chemicals'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 Neogen Chemicals'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 Neogen Chemicals specific price patterns or momentum indicators. Please read more on our technical analysis page.
Neogen Chemicals November 26, 2024 Technical Indicators
Most technical analysis of Neogen 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 Neogen from various momentum indicators to cycle indicators. When you analyze Neogen 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.086 | |||
| Market Risk Adjusted Performance | 0.4206 | |||
| Mean Deviation | 2.62 | |||
| Semi Deviation | 2.65 | |||
| Downside Deviation | 3.03 | |||
| Coefficient Of Variation | 979.21 | |||
| Standard Deviation | 3.79 | |||
| Variance | 14.4 | |||
| Information Ratio | 0.0682 | |||
| Jensen Alpha | 0.2685 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | 0.4106 | |||
| Maximum Drawdown | 21.74 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 7.06 | |||
| Downside Variance | 9.17 | |||
| Semi Variance | 7.0 | |||
| Expected Short fall | (3.00) | |||
| Skewness | 1.4 | |||
| Kurtosis | 3.81 |
Complementary Tools for Neogen Stock analysis
When running Neogen Chemicals' price analysis, check to measure Neogen Chemicals' 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 Neogen Chemicals is operating at the current time. Most of Neogen Chemicals' value examination focuses on studying past and present price action to predict the probability of Neogen Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen Chemicals' price. Additionally, you may evaluate how the addition of Neogen Chemicals to your portfolios can decrease your overall portfolio volatility.
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