Jin Medical International Stock Technical Analysis
| ZJYL Stock | 1.06 0.01 0.93% |
As of the 22nd of November, JIN MEDICAL retains the market risk adjusted performance of (0.78), and Risk Adjusted Performance of (0.11). In connection with fundamental indicators, the technical analysis model lets you check practical technical drivers of JIN MEDICAL INTERNATIONAL, as well as the relationship between them. Please check out JIN MEDICAL INTERNATIONAL risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if JIN MEDICAL is priced correctly, providing market reflects its last-minute price of 1.06 per share. Given that JIN MEDICAL INTERNATIONAL is a hitting penny stock territory we urge to closely look at its jensen alpha.
JIN MEDICAL Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as JIN, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JINJIN |
JIN MEDICAL 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.
JIN MEDICAL INTERNATIONAL 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 JIN MEDICAL INTERNATIONAL volatility. High ATR values indicate high volatility, and low values indicate low volatility.
JIN MEDICAL INTERNATIONAL Trend Analysis
Use this graph to draw trend lines for JIN MEDICAL INTERNATIONAL. You can use it to identify possible trend reversals for JIN MEDICAL 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 JIN MEDICAL price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.JIN MEDICAL Best Fit Change Line
The following chart estimates an ordinary least squares regression model for JIN MEDICAL INTERNATIONAL applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that JIN MEDICAL INTERNATIONAL market price will keep on failing further. It has 122 observation points and a regression sum of squares at 28.09, which is the sum of squared deviations for the predicted JIN MEDICAL price change compared to its average price change.About JIN MEDICAL 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 JIN MEDICAL INTERNATIONAL 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 JIN MEDICAL INTERNATIONAL based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on JIN MEDICAL INTERNATIONAL price pattern first instead of the macroeconomic environment surrounding JIN MEDICAL INTERNATIONAL. By analyzing JIN MEDICAL'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 JIN MEDICAL'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 JIN MEDICAL specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 80.87 | 156.53 | 180.01 | 142.82 | PTB Ratio | 0.21 | 7.08 | 8.14 | 4.73 |
JIN MEDICAL November 22, 2024 Technical Indicators
Most technical analysis of JIN 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 JIN from various momentum indicators to cycle indicators. When you analyze JIN 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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| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (0.78) | |||
| Mean Deviation | 5.28 | |||
| Coefficient Of Variation | (663.83) | |||
| Standard Deviation | 9.17 | |||
| Variance | 84.08 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (1.57) | |||
| Total Risk Alpha | (2.59) | |||
| Treynor Ratio | (0.79) | |||
| Maximum Drawdown | 78.47 | |||
| Value At Risk | (12.02) | |||
| Potential Upside | 8.17 | |||
| Skewness | 3.12 | |||
| Kurtosis | 20.33 |
JIN MEDICAL November 22, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as JIN stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 35,939 | ||
| Daily Balance Of Power | (0.07) | ||
| Rate Of Daily Change | 0.99 | ||
| Day Median Price | 1.07 | ||
| Day Typical Price | 1.06 | ||
| Price Action Indicator | (0.01) |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in JIN MEDICAL INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JIN MEDICAL. If investors know JIN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JIN MEDICAL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share 0.02 | Revenue Per Share 0.129 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0403 |
The market value of JIN MEDICAL INTERNATIONAL is measured differently than its book value, which is the value of JIN that is recorded on the company's balance sheet. Investors also form their own opinion of JIN MEDICAL's value that differs from its market value or its book value, called intrinsic value, which is JIN MEDICAL's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JIN MEDICAL's market value can be influenced by many factors that don't directly affect JIN MEDICAL's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JIN MEDICAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if JIN MEDICAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JIN MEDICAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.