Skeena Resources Stock Technical Analysis
| SKE Stock | USD 9.00 0.35 4.05% |
As of the 22nd of November, Skeena Resources has the Semi Deviation of 2.55, risk adjusted performance of 0.0666, and Coefficient Of Variation of 1292.72. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Skeena Resources, as well as the relationship between them. Please validate Skeena Resources variance, as well as the relationship between the maximum drawdown and semi variance to decide if Skeena Resources is priced more or less accurately, providing market reflects its prevalent price of 9.0 per share. Given that Skeena Resources has jensen alpha of 0.249, we advise you to double-check Skeena Resources's current market performance to make sure the company can sustain itself at a future point.
Skeena 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 Skeena, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SkeenaSkeena |
Skeena Resources 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.
Skeena 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 Skeena Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Skeena Resources Trend Analysis
Use this graph to draw trend lines for Skeena Resources. You can use it to identify possible trend reversals for Skeena 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 Skeena Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Skeena Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Skeena Resources applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that Skeena Resources will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 13.9, which is the sum of squared deviations for the predicted Skeena Resources price change compared to its average price change.About Skeena 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 Skeena 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 Skeena Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Skeena Resources price pattern first instead of the macroeconomic environment surrounding Skeena Resources. By analyzing Skeena 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 Skeena 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 Skeena Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 6.38 | 3.7 | 4.37 | 4.59 | Capex To Depreciation | 5.67 | 9.85 | 0.009626 | 0.009145 |
Skeena Resources November 22, 2024 Technical Indicators
Most technical analysis of Skeena 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 Skeena from various momentum indicators to cycle indicators. When you analyze Skeena 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 | 0.0666 | |||
| Market Risk Adjusted Performance | (1.32) | |||
| Mean Deviation | 2.25 | |||
| Semi Deviation | 2.55 | |||
| Downside Deviation | 2.75 | |||
| Coefficient Of Variation | 1292.72 | |||
| Standard Deviation | 3.13 | |||
| Variance | 9.77 | |||
| Information Ratio | 0.0423 | |||
| Jensen Alpha | 0.249 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0481 | |||
| Treynor Ratio | (1.33) | |||
| Maximum Drawdown | 20.96 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 4.99 | |||
| Downside Variance | 7.55 | |||
| Semi Variance | 6.49 | |||
| Expected Short fall | (2.80) | |||
| Skewness | 0.2332 | |||
| Kurtosis | 2.89 |
Complementary Tools for Skeena Stock analysis
When running Skeena Resources' price analysis, check to measure Skeena 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 Skeena Resources is operating at the current time. Most of Skeena Resources' value examination focuses on studying past and present price action to predict the probability of Skeena Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skeena Resources' price. Additionally, you may evaluate how the addition of Skeena Resources to your portfolios can decrease your overall portfolio volatility.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |