Ocuphire Pharma Stock Technical Analysis
OCUPDelisted Stock | USD 1.01 0.18 15.13% |
As of the 23rd of November, Ocuphire Pharma holds the Risk Adjusted Performance of (0.12), coefficient of variation of (595.44), and Variance of 19.94. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocuphire Pharma, as well as the relationship between them.
Ocuphire Pharma Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ocuphire, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OcuphireOcuphire |
Ocuphire Pharma 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, delisted stock market cycles, or different charting patterns.
Ocuphire Pharma Technical Analysis
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Ocuphire Pharma Trend Analysis
Use this graph to draw trend lines for Ocuphire Pharma. You can use it to identify possible trend reversals for Ocuphire Pharma 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 Ocuphire Pharma price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ocuphire Pharma Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ocuphire Pharma applied against its price change over selected period. The best fit line has a slop of 0.0052 , which may suggest that Ocuphire Pharma market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.01, which is the sum of squared deviations for the predicted Ocuphire Pharma price change compared to its average price change.About Ocuphire Pharma 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 Ocuphire Pharma 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 Ocuphire Pharma based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ocuphire Pharma price pattern first instead of the macroeconomic environment surrounding Ocuphire Pharma. By analyzing Ocuphire Pharma'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 Ocuphire Pharma'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 Ocuphire Pharma specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ocuphire Pharma November 23, 2024 Technical Indicators
Most technical analysis of Ocuphire 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 Ocuphire from various momentum indicators to cycle indicators. When you analyze Ocuphire 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 | (0.12) | |||
Market Risk Adjusted Performance | (3.23) | |||
Mean Deviation | 3.18 | |||
Coefficient Of Variation | (595.44) | |||
Standard Deviation | 4.47 | |||
Variance | 19.94 | |||
Information Ratio | (0.19) | |||
Jensen Alpha | (0.78) | |||
Total Risk Alpha | (1.34) | |||
Treynor Ratio | (3.24) | |||
Maximum Drawdown | 27.18 | |||
Value At Risk | (5.84) | |||
Potential Upside | 6.1 | |||
Skewness | (1.36) | |||
Kurtosis | 6.04 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Ocuphire Stock
If you are still planning to invest in Ocuphire Pharma check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocuphire Pharma's history and understand the potential risks before investing.
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