Petra Diamonds Limited Stock Technical Analysis
| PDLMF Stock | USD 0.35 0.00 0.00% |
As of the 1st of December, Petra Diamonds holds the Risk Adjusted Performance of (0.12), variance of 11.16, and Coefficient Of Variation of (593.96). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petra Diamonds, as well as the relationship between them. Please check Petra Diamonds market risk adjusted performance, variance, as well as the relationship between the Variance and skewness to decide if Petra Diamonds is priced some-what accurately, providing market reflects its current price of 0.35 per share. As Petra Diamonds appears to be a penny stock we also advise to check out its information ratio numbers.
Petra Diamonds Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petra, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PetraPetra |
Petra Diamonds 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.
Petra Diamonds 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 Petra Diamonds volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Petra Diamonds Trend Analysis
Use this graph to draw trend lines for Petra Diamonds Limited. You can use it to identify possible trend reversals for Petra Diamonds 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 Petra Diamonds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Petra Diamonds Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Petra Diamonds Limited applied against its price change over selected period. The best fit line has a slop of 0.0035 , which may suggest that Petra Diamonds Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.47, which is the sum of squared deviations for the predicted Petra Diamonds price change compared to its average price change.About Petra Diamonds 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 Petra Diamonds 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 Petra Diamonds Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petra Diamonds price pattern first instead of the macroeconomic environment surrounding Petra Diamonds. By analyzing Petra Diamonds'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 Petra Diamonds'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 Petra Diamonds specific price patterns or momentum indicators. Please read more on our technical analysis page.
Petra Diamonds December 1, 2024 Technical Indicators
Most technical analysis of Petra 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 Petra from various momentum indicators to cycle indicators. When you analyze Petra 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 | 0.9915 | |||
| Mean Deviation | 1.09 | |||
| Coefficient Of Variation | (593.96) | |||
| Standard Deviation | 3.34 | |||
| Variance | 11.16 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 0.9815 | |||
| Maximum Drawdown | 23.91 | |||
| Skewness | (6.27) | |||
| Kurtosis | 40.6 |
Complementary Tools for Petra Pink Sheet analysis
When running Petra Diamonds' price analysis, check to measure Petra Diamonds' 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 Petra Diamonds is operating at the current time. Most of Petra Diamonds' value examination focuses on studying past and present price action to predict the probability of Petra Diamonds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petra Diamonds' price. Additionally, you may evaluate how the addition of Petra Diamonds to your portfolios can decrease your overall portfolio volatility.
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