Spruce Ridge Resources Stock Technical Analysis
| SHL Stock | CAD 0.03 0.01 20.00% |
As of the 20th of January, Spruce Ridge has the Risk Adjusted Performance of 0.0547, variance of 135.28, and Coefficient Of Variation of 1842.34. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spruce Ridge Resources, as well as the relationship between them. Please validate Spruce Ridge Resources standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Spruce Ridge is priced more or less accurately, providing market reflects its prevalent price of 0.03 per share.
Spruce Ridge Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Spruce, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SpruceSpruce |
Spruce Ridge 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.
Spruce Ridge Resources 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 Spruce Ridge Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Spruce Ridge Resources Trend Analysis
Use this graph to draw trend lines for Spruce Ridge Resources. You can use it to identify possible trend reversals for Spruce Ridge 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 Spruce Ridge price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Spruce Ridge Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Spruce Ridge Resources applied against its price change over selected period. The best fit line has a slop of 0.0001 , which may suggest that Spruce Ridge Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Spruce Ridge price change compared to its average price change.About Spruce Ridge 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 Spruce Ridge 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 Spruce Ridge Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Spruce Ridge Resources price pattern first instead of the macroeconomic environment surrounding Spruce Ridge Resources. By analyzing Spruce Ridge'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 Spruce Ridge'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 Spruce Ridge specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2024 (projected) | Days Sales Outstanding | 846.82 | 762.14 | PTB Ratio | 1.04 | 0.84 |
Spruce Ridge January 20, 2025 Technical Indicators
Most technical analysis of Spruce 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 Spruce from various momentum indicators to cycle indicators. When you analyze Spruce 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0547 | |||
| Market Risk Adjusted Performance | 0.4722 | |||
| Mean Deviation | 4.47 | |||
| Coefficient Of Variation | 1842.34 | |||
| Standard Deviation | 11.63 | |||
| Variance | 135.28 | |||
| Information Ratio | 0.0517 | |||
| Jensen Alpha | 0.5948 | |||
| Total Risk Alpha | 0.3472 | |||
| Treynor Ratio | 0.4622 | |||
| Maximum Drawdown | 66.67 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 | |||
| Skewness | 1.37 | |||
| Kurtosis | 7.92 |
Additional Tools for Spruce Stock Analysis
When running Spruce Ridge's price analysis, check to measure Spruce Ridge'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 Spruce Ridge is operating at the current time. Most of Spruce Ridge's value examination focuses on studying past and present price action to predict the probability of Spruce Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Ridge's price. Additionally, you may evaluate how the addition of Spruce Ridge to your portfolios can decrease your overall portfolio volatility.