Sona Nanotech Stock Technical Analysis
| SNANF Stock | USD 0.19 0.00 0.00% |
As of the 2nd of December, Sona Nanotech has the Coefficient Of Variation of (102,031), risk adjusted performance of 0.0078, and Variance of 29.57. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sona Nanotech, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Sona Nanotech, which can be compared to its competition. Please validate Sona Nanotech market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Sona Nanotech is priced more or less accurately, providing market reflects its prevalent price of 0.19 per share. As Sona Nanotech appears to be a penny stock we also recommend to double-check its jensen alpha numbers.
Sona Nanotech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sona, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SonaSona |
Sona Nanotech technical otc 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, otc market cycles, or different charting patterns.
Sona Nanotech 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 Sona Nanotech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sona Nanotech Trend Analysis
Use this graph to draw trend lines for Sona Nanotech. You can use it to identify possible trend reversals for Sona Nanotech 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 Sona Nanotech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sona Nanotech Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sona Nanotech applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that Sona Nanotech market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Sona Nanotech price change compared to its average price change.About Sona Nanotech 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 Sona Nanotech 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 Sona Nanotech based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Sona Nanotech price pattern first instead of the macroeconomic environment surrounding Sona Nanotech. By analyzing Sona Nanotech'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 Sona Nanotech'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 Sona Nanotech specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sona Nanotech December 2, 2024 Technical Indicators
Most technical analysis of Sona 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 Sona from various momentum indicators to cycle indicators. When you analyze Sona 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 | 0.0078 | |||
| Market Risk Adjusted Performance | 0.0221 | |||
| Mean Deviation | 2.61 | |||
| Coefficient Of Variation | (102,031) | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.57 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.1458 | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 0.0121 | |||
| Maximum Drawdown | 30.79 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 | |||
| Skewness | 0.1166 | |||
| Kurtosis | 3.56 |
Complementary Tools for Sona OTC Stock analysis
When running Sona Nanotech's price analysis, check to measure Sona Nanotech'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 Sona Nanotech is operating at the current time. Most of Sona Nanotech's value examination focuses on studying past and present price action to predict the probability of Sona Nanotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sona Nanotech's price. Additionally, you may evaluate how the addition of Sona Nanotech to your portfolios can decrease your overall portfolio volatility.
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