Mirle Automation (Taiwan) Technical Analysis
| 2464 Stock | TWD 74.90 2.00 2.60% |
As of the 15th of December 2024, Mirle Automation secures the Mean Deviation of 1.75, standard deviation of 2.4, and Risk Adjusted Performance of (0.01). Mirle Automation Corp technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify Mirle Automation Corp treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Mirle Automation Corp is priced some-what accurately, providing market reflects its recent price of 74.9 per share.
Mirle Automation Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mirle, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MirleMirle |
Mirle Automation 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.
Mirle Automation Corp Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Mirle Automation Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mirle Automation Corp Trend Analysis
Use this graph to draw trend lines for Mirle Automation Corp. You can use it to identify possible trend reversals for Mirle Automation 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 Mirle Automation price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mirle Automation Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mirle Automation Corp applied against its price change over selected period. The best fit line has a slop of 0.15 , which may suggest that Mirle Automation Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 811.81, which is the sum of squared deviations for the predicted Mirle Automation price change compared to its average price change.About Mirle Automation 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 Mirle Automation 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 Mirle Automation Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mirle Automation Corp price pattern first instead of the macroeconomic environment surrounding Mirle Automation Corp. By analyzing Mirle Automation'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 Mirle Automation'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 Mirle Automation specific price patterns or momentum indicators. Please read more on our technical analysis page.
Mirle Automation December 15, 2024 Technical Indicators
Most technical analysis of Mirle 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 Mirle from various momentum indicators to cycle indicators. When you analyze Mirle 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 | (0.01) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 1.75 | |||
| Coefficient Of Variation | (5,789) | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.74 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.22 | |||
| Skewness | 1.18 | |||
| Kurtosis | 3.76 |
Additional Tools for Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.