Hongfa Technology (China) Technical Analysis
| 600885 Stock | 32.97 0.48 1.48% |
As of the 17th of February 2025, Hongfa Technology retains the Risk Adjusted Performance of 0.0208, market risk adjusted performance of (0.23), and Downside Deviation of 1.74. Hongfa Technology technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.
Hongfa Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hongfa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HongfaHongfa |
Hongfa Technology 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.
Hongfa Technology Technical Analysis
The output start index for this execution was twenty-one with a total number of output elements of fourty. 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 Hongfa Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hongfa Technology Trend Analysis
Use this graph to draw trend lines for Hongfa Technology Co. You can use it to identify possible trend reversals for Hongfa Technology 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 Hongfa Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hongfa Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hongfa Technology Co applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Hongfa Technology Co will continue generating value for investors. It has 122 observation points and a regression sum of squares at 24.5, which is the sum of squared deviations for the predicted Hongfa Technology price change compared to its average price change.About Hongfa Technology 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 Hongfa Technology 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 Hongfa Technology Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hongfa Technology price pattern first instead of the macroeconomic environment surrounding Hongfa Technology. By analyzing Hongfa Technology'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 Hongfa Technology'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 Hongfa Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hongfa Technology February 17, 2025 Technical Indicators
Most technical analysis of Hongfa 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 Hongfa from various momentum indicators to cycle indicators. When you analyze Hongfa 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 | 0.0208 | |||
| Market Risk Adjusted Performance | (0.23) | |||
| Mean Deviation | 1.31 | |||
| Semi Deviation | 1.67 | |||
| Downside Deviation | 1.74 | |||
| Coefficient Of Variation | 4744.72 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.01 | |||
| Information Ratio | 0.0147 | |||
| Jensen Alpha | 0.0267 | |||
| Total Risk Alpha | 0.0239 | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | (0.24) | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 2.72 | |||
| Downside Variance | 3.03 | |||
| Semi Variance | 2.81 | |||
| Expected Short fall | (1.39) | |||
| Skewness | 0.0791 | |||
| Kurtosis | 0.9807 |
Complementary Tools for Hongfa Stock analysis
When running Hongfa Technology's price analysis, check to measure Hongfa Technology'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 Hongfa Technology is operating at the current time. Most of Hongfa Technology's value examination focuses on studying past and present price action to predict the probability of Hongfa Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hongfa Technology's price. Additionally, you may evaluate how the addition of Hongfa Technology to your portfolios can decrease your overall portfolio volatility.
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