Velan Inc Stock Technical Analysis
| VLN Stock | CAD 11.61 0.64 5.83% |
As of the 25th of November, Velan has the Risk Adjusted Performance of 0.2219, semi deviation of 1.95, and Coefficient Of Variation of 358.4. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Velan Inc, as well as the relationship between them.
Velan Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Velan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VelanVelan |
Velan 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.
Velan Inc Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 Velan Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Velan Inc Trend Analysis
Use this graph to draw trend lines for Velan Inc. You can use it to identify possible trend reversals for Velan 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 Velan price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Velan Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Velan Inc applied against its price change over selected period. The best fit line has a slop of 0.12 , which means Velan Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 537.09, which is the sum of squared deviations for the predicted Velan price change compared to its average price change.About Velan 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 Velan Inc 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 Velan Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Velan Inc price pattern first instead of the macroeconomic environment surrounding Velan Inc. By analyzing Velan'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 Velan'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 Velan specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.002468 | 0.005987 | 0.005401 | Price To Sales Ratio | 0.4 | 0.24 | 0.62 |
Velan November 25, 2024 Technical Indicators
Most technical analysis of Velan 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 Velan from various momentum indicators to cycle indicators. When you analyze Velan 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 | 0.2219 | |||
| Market Risk Adjusted Performance | 8.91 | |||
| Mean Deviation | 2.47 | |||
| Semi Deviation | 1.95 | |||
| Downside Deviation | 2.94 | |||
| Coefficient Of Variation | 358.4 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.33 | |||
| Information Ratio | 0.2432 | |||
| Jensen Alpha | 0.9948 | |||
| Total Risk Alpha | 0.4336 | |||
| Sortino Ratio | 0.3016 | |||
| Treynor Ratio | 8.9 | |||
| Maximum Drawdown | 20.49 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 8.14 | |||
| Downside Variance | 8.66 | |||
| Semi Variance | 3.82 | |||
| Expected Short fall | (2.91) | |||
| Skewness | 1.09 | |||
| Kurtosis | 3.18 |
Other Information on Investing in Velan Stock
Velan financial ratios help investors to determine whether Velan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Velan with respect to the benefits of owning Velan security.