Snowline Gold Corp Stock Technical Analysis
| SNWGF Stock | USD 3.72 0.22 6.29% |
As of the 24th of November, Snowline Gold has the Variance of 5.91, coefficient of variation of (3,315), and Risk Adjusted Performance of (0.02). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Snowline Gold Corp, 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 analyze and collect data for thirteen technical drivers for Snowline Gold Corp, which can be compared to its competition. Please validate Snowline Gold Corp market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Snowline Gold is priced more or less accurately, providing market reflects its prevalent price of 3.72 per share. Given that Snowline Gold Corp has information ratio of (0.08), we advise you to double-check Snowline Gold Corp's current market performance to make sure the company can sustain itself at a future point.
Snowline Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Snowline, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SnowlineSnowline |
Snowline Gold 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.
Snowline Gold Corp 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 Snowline Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Snowline Gold Corp Trend Analysis
Use this graph to draw trend lines for Snowline Gold Corp. You can use it to identify possible trend reversals for Snowline Gold 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 Snowline Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Snowline Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Snowline Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.0004 , which means Snowline Gold Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Snowline Gold price change compared to its average price change.About Snowline Gold 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 Snowline Gold Corp 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 Snowline Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Snowline Gold Corp price pattern first instead of the macroeconomic environment surrounding Snowline Gold Corp. By analyzing Snowline Gold'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 Snowline Gold'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 Snowline Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Snowline Gold November 24, 2024 Technical Indicators
Most technical analysis of Snowline 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 Snowline from various momentum indicators to cycle indicators. When you analyze Snowline 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.23) | |||
| Mean Deviation | 1.83 | |||
| Coefficient Of Variation | (3,315) | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.91 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.24) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 4.13 | |||
| Skewness | 0.4706 | |||
| Kurtosis | 0.7974 |
Complementary Tools for Snowline OTC Stock analysis
When running Snowline Gold's price analysis, check to measure Snowline Gold'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 Snowline Gold is operating at the current time. Most of Snowline Gold's value examination focuses on studying past and present price action to predict the probability of Snowline Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowline Gold's price. Additionally, you may evaluate how the addition of Snowline Gold to your portfolios can decrease your overall portfolio volatility.
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