Zedge Inc Stock Technical Analysis
| ZDGE Stock | USD 2.58 0.03 1.18% |
As of the 25th of November, Zedge maintains the Standard Deviation of 3.75, market risk adjusted performance of (1.45), and Mean Deviation of 2.93. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zedge Inc, as well as the relationship between them. Please check out Zedge Inc standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Zedge Inc is priced fairly, providing market reflects its latest price of 2.58 per share. Please also validate Zedge Inc jensen alpha, which is currently at (0.52) to confirm the company can sustain itself at a future point.
Zedge Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Zedge, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ZedgeZedge |
Zedge Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 7.0 | Buy | 1 | Odds |
Most Zedge analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Zedge stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Zedge Inc, talking to its executives and customers, or listening to Zedge conference calls.
Zedge 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.
Zedge 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 Zedge Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Zedge Inc Trend Analysis
Use this graph to draw trend lines for Zedge Inc. You can use it to identify possible trend reversals for Zedge 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 Zedge price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Zedge Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Zedge Inc applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Zedge Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4.96, which is the sum of squared deviations for the predicted Zedge price change compared to its average price change.About Zedge 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 Zedge 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 Zedge Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Zedge Inc price pattern first instead of the macroeconomic environment surrounding Zedge Inc. By analyzing Zedge'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 Zedge'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 Zedge specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 33.15 | 38.63 | 41.31 | 57.61 | PTB Ratio | 0.94 | 0.76 | 1.65 | 1.57 |
Zedge November 25, 2024 Technical Indicators
Most technical analysis of Zedge 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 Zedge from various momentum indicators to cycle indicators. When you analyze Zedge 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 | (0.09) | |||
| Market Risk Adjusted Performance | (1.45) | |||
| Mean Deviation | 2.93 | |||
| Coefficient Of Variation | (797.27) | |||
| Standard Deviation | 3.75 | |||
| Variance | 14.04 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | (1.46) | |||
| Maximum Drawdown | 19.78 | |||
| Value At Risk | (6.17) | |||
| Potential Upside | 5.12 | |||
| Skewness | (0.60) | |||
| Kurtosis | 0.7963 |
Complementary Tools for Zedge Stock analysis
When running Zedge's price analysis, check to measure Zedge'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 Zedge is operating at the current time. Most of Zedge's value examination focuses on studying past and present price action to predict the probability of Zedge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zedge's price. Additionally, you may evaluate how the addition of Zedge to your portfolios can decrease your overall portfolio volatility.
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