Providence Resources Stock Technical Analysis
| PVRS Stock | USD 0.01 0 25.00% |
As of the 18th of January 2025, Providence Resources holds the Coefficient Of Variation of 924.89, risk adjusted performance of 0.1002, and Semi Deviation of 13.13. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Providence Resources, as well as the relationship between them. Please check Providence Resources variance and potential upside to decide if Providence Resources is priced some-what accurately, providing market reflects its current price of 0.009 per share. As Providence Resources appears to be a penny stock we also advise to check out its total risk alpha numbers.
Providence Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Providence, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProvidenceProvidence |
Providence Resources 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.
Providence Resources 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 Providence Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Providence Resources Trend Analysis
Use this graph to draw trend lines for Providence Resources. You can use it to identify possible trend reversals for Providence Resources 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 Providence Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Providence Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Providence Resources applied against its price change over selected period. The best fit line has a slop of 0.000015 , which means Providence Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Providence Resources price change compared to its average price change.About Providence Resources 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 Providence Resources 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 Providence Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Providence Resources price pattern first instead of the macroeconomic environment surrounding Providence Resources. By analyzing Providence Resources'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 Providence Resources'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 Providence Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Providence Resources January 18, 2025 Technical Indicators
Most technical analysis of Providence 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 Providence from various momentum indicators to cycle indicators. When you analyze Providence 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 | 0.1002 | |||
| Market Risk Adjusted Performance | (1.69) | |||
| Mean Deviation | 15.79 | |||
| Semi Deviation | 13.13 | |||
| Downside Deviation | 41.8 | |||
| Coefficient Of Variation | 924.89 | |||
| Standard Deviation | 47.69 | |||
| Variance | 2274.55 | |||
| Information Ratio | 0.1075 | |||
| Jensen Alpha | 5.21 | |||
| Total Risk Alpha | 4.02 | |||
| Sortino Ratio | 0.1226 | |||
| Treynor Ratio | (1.70) | |||
| Maximum Drawdown | 436.54 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 | |||
| Downside Variance | 1747.59 | |||
| Semi Variance | 172.52 | |||
| Expected Short fall | (79.09) | |||
| Skewness | 6.54 | |||
| Kurtosis | 49.7 |
Additional Tools for Providence Pink Sheet Analysis
When running Providence Resources' price analysis, check to measure Providence Resources' 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 Providence Resources is operating at the current time. Most of Providence Resources' value examination focuses on studying past and present price action to predict the probability of Providence Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Providence Resources' price. Additionally, you may evaluate how the addition of Providence Resources to your portfolios can decrease your overall portfolio volatility.