Melewar Industrial (Malaysia) Technical Analysis
| 3778 Stock | 0.22 0.01 4.35% |
As of the 2nd of December, Melewar Industrial secures the Standard Deviation of 2.25, mean deviation of 1.38, and Risk Adjusted Performance of (0.07). Melewar Industrial Group 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 Melewar Industrial variance, treynor ratio, and the relationship between the standard deviation and information ratio to decide if Melewar Industrial Group is priced some-what accurately, providing market reflects its recent price of 0.22 per share.
Melewar Industrial Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Melewar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MelewarMelewar |
Melewar Industrial 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.
Melewar Industrial 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 Melewar Industrial volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Melewar Industrial Trend Analysis
Use this graph to draw trend lines for Melewar Industrial Group. You can use it to identify possible trend reversals for Melewar Industrial 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 Melewar Industrial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Melewar Industrial Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Melewar Industrial Group applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that Melewar Industrial Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Melewar Industrial price change compared to its average price change.About Melewar Industrial 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 Melewar Industrial Group 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 Melewar Industrial Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Melewar Industrial price pattern first instead of the macroeconomic environment surrounding Melewar Industrial. By analyzing Melewar Industrial'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 Melewar Industrial'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 Melewar Industrial specific price patterns or momentum indicators. Please read more on our technical analysis page.
Melewar Industrial December 2, 2024 Technical Indicators
Most technical analysis of Melewar 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 Melewar from various momentum indicators to cycle indicators. When you analyze Melewar 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 | (0.07) | |||
| Market Risk Adjusted Performance | 10.26 | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (986.92) | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.06 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 10.25 | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.17 | |||
| Skewness | 0.0223 | |||
| Kurtosis | 0.4605 |
Other Information on Investing in Melewar Stock
Melewar Industrial financial ratios help investors to determine whether Melewar 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 Melewar with respect to the benefits of owning Melewar Industrial security.