Rede Energia (Brazil) Technical Analysis
| REDE3 Stock | BRL 6.56 0.02 0.31% |
As of the 23rd of November, Rede Energia holds the Variance of 0.6691, coefficient of variation of (1,841), and Risk Adjusted Performance of (0.04). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rede Energia, as well as the relationship between them. Please check Rede Energia Participaes standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Rede Energia Participaes is priced some-what accurately, providing market reflects its current price of 6.56 per share.
Rede Energia Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Rede, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RedeRede |
Rede Energia 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.
Rede Energia Participaes Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Rede Energia Participaes volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Rede Energia Participaes Trend Analysis
Use this graph to draw trend lines for Rede Energia Participaes. You can use it to identify possible trend reversals for Rede Energia 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 Rede Energia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Rede Energia Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rede Energia Participaes applied against its price change over selected period. The best fit line has a slop of 0.0036 , which may suggest that Rede Energia Participaes market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.48, which is the sum of squared deviations for the predicted Rede Energia price change compared to its average price change.About Rede Energia 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 Rede Energia Participaes 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 Rede Energia Participaes based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Rede Energia Participaes price pattern first instead of the macroeconomic environment surrounding Rede Energia Participaes. By analyzing Rede Energia'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 Rede Energia'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 Rede Energia specific price patterns or momentum indicators. Please read more on our technical analysis page.
Rede Energia November 23, 2024 Technical Indicators
Most technical analysis of Rede 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 Rede from various momentum indicators to cycle indicators. When you analyze Rede 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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| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 1.51 | |||
| Mean Deviation | 0.602 | |||
| Coefficient Of Variation | (1,841) | |||
| Standard Deviation | 0.818 | |||
| Variance | 0.6691 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.5 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.35 | |||
| Skewness | (0.10) | |||
| Kurtosis | 1.01 |
Additional Tools for Rede Stock Analysis
When running Rede Energia's price analysis, check to measure Rede Energia's 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 Rede Energia is operating at the current time. Most of Rede Energia's value examination focuses on studying past and present price action to predict the probability of Rede Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rede Energia's price. Additionally, you may evaluate how the addition of Rede Energia to your portfolios can decrease your overall portfolio volatility.