Redtape (India) Technical Analysis
| REDTAPE Stock | 674.85 1.90 0.28% |
As of the 1st of February, Redtape holds the Coefficient Of Variation of (665.82), risk adjusted performance of (0.12), and Variance of 5.5. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Redtape, as well as the relationship between them. Please check Redtape Limited information ratio, as well as the relationship between the value at risk and kurtosis to decide if Redtape Limited is priced some-what accurately, providing market reflects its current price of 674.85 per share.
Redtape Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Redtape, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RedtapeRedtape |
Redtape 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.
Redtape Limited Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Redtape Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Redtape Limited Trend Analysis
Use this graph to draw trend lines for Redtape Limited. You can use it to identify possible trend reversals for Redtape 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 Redtape price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Redtape Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Redtape Limited applied against its price change over selected period. The best fit line has a slop of 2.72 , which may suggest that Redtape Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 280446.4, which is the sum of squared deviations for the predicted Redtape price change compared to its average price change.About Redtape 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 Redtape 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 Redtape Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Redtape Limited price pattern first instead of the macroeconomic environment surrounding Redtape Limited. By analyzing Redtape'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 Redtape'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 Redtape specific price patterns or momentum indicators. Please read more on our technical analysis page.
Redtape February 1, 2025 Technical Indicators
Most technical analysis of Redtape 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 Redtape from various momentum indicators to cycle indicators. When you analyze Redtape 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 | (2.97) | |||
| Mean Deviation | 1.63 | |||
| Coefficient Of Variation | (665.82) | |||
| Standard Deviation | 2.34 | |||
| Variance | 5.5 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (2.98) | |||
| Maximum Drawdown | 14.49 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 3.25 | |||
| Skewness | 0.4358 | |||
| Kurtosis | 2.76 |
Complementary Tools for Redtape Stock analysis
When running Redtape's price analysis, check to measure Redtape'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 Redtape is operating at the current time. Most of Redtape's value examination focuses on studying past and present price action to predict the probability of Redtape's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redtape's price. Additionally, you may evaluate how the addition of Redtape to your portfolios can decrease your overall portfolio volatility.
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