Shinkong Textile (Taiwan) Technical Analysis
1419 Stock | TWD 45.00 0.20 0.44% |
As of the 19th of December, Shinkong Textile has the Coefficient Of Variation of (1,627), variance of 1.22, and Risk Adjusted Performance of (0.05). Shinkong Textile technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. Please validate Shinkong Textile mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Shinkong Textile is priced more or less accurately, providing market reflects its prevalent price of 45.0 per share.
Shinkong Textile Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shinkong, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShinkongShinkong |
Shinkong Textile 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.
Shinkong Textile Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Shinkong Textile volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Shinkong Textile Trend Analysis
Use this graph to draw trend lines for Shinkong Textile Co. You can use it to identify possible trend reversals for Shinkong Textile 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 Shinkong Textile price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Shinkong Textile Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Shinkong Textile Co applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Shinkong Textile Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 109.84, which is the sum of squared deviations for the predicted Shinkong Textile price change compared to its average price change.About Shinkong Textile 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 Shinkong Textile Co 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 Shinkong Textile Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shinkong Textile price pattern first instead of the macroeconomic environment surrounding Shinkong Textile. By analyzing Shinkong Textile'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 Shinkong Textile'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 Shinkong Textile specific price patterns or momentum indicators. Please read more on our technical analysis page.
Shinkong Textile December 19, 2024 Technical Indicators
Most technical analysis of Shinkong 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 Shinkong from various momentum indicators to cycle indicators. When you analyze Shinkong 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 | (0.05) | |||
Market Risk Adjusted Performance | 1.86 | |||
Mean Deviation | 0.8396 | |||
Coefficient Of Variation | (1,627) | |||
Standard Deviation | 1.1 | |||
Variance | 1.22 | |||
Information Ratio | (0.09) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.10) | |||
Treynor Ratio | 1.85 | |||
Maximum Drawdown | 4.77 | |||
Value At Risk | (1.74) | |||
Potential Upside | 1.98 | |||
Skewness | 0.5744 | |||
Kurtosis | 0.0689 |
Additional Tools for Shinkong Stock Analysis
When running Shinkong Textile's price analysis, check to measure Shinkong Textile'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 Shinkong Textile is operating at the current time. Most of Shinkong Textile's value examination focuses on studying past and present price action to predict the probability of Shinkong Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Textile's price. Additionally, you may evaluate how the addition of Shinkong Textile to your portfolios can decrease your overall portfolio volatility.