Handa Pharmaceuticals (Taiwan) Technical Analysis
| 6620 Stock | TWD 51.90 1.10 2.08% |
As of the 15th of December 2024, Handa Pharmaceuticals retains the Risk Adjusted Performance of (0.17), standard deviation of 2.44, and Market Risk Adjusted Performance of 6.27. Handa Pharmaceuticals 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. Please check out Handa Pharmaceuticals standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Handa Pharmaceuticals is priced fairly, providing market reflects its last-minute price of 51.9 per share.
Handa Pharmaceuticals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Handa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HandaHanda |
Handa Pharmaceuticals 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.
Handa Pharmaceuticals Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-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 Handa Pharmaceuticals volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Handa Pharmaceuticals Trend Analysis
Use this graph to draw trend lines for Handa Pharmaceuticals. You can use it to identify possible trend reversals for Handa Pharmaceuticals 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 Handa Pharmaceuticals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Handa Pharmaceuticals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Handa Pharmaceuticals applied against its price change over selected period. The best fit line has a slop of 0.38 , which may suggest that Handa Pharmaceuticals market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5536.55, which is the sum of squared deviations for the predicted Handa Pharmaceuticals price change compared to its average price change.About Handa Pharmaceuticals 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 Handa Pharmaceuticals 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 Handa Pharmaceuticals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Handa Pharmaceuticals price pattern first instead of the macroeconomic environment surrounding Handa Pharmaceuticals. By analyzing Handa Pharmaceuticals'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 Handa Pharmaceuticals'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 Handa Pharmaceuticals specific price patterns or momentum indicators. Please read more on our technical analysis page.
Handa Pharmaceuticals December 15, 2024 Technical Indicators
Most technical analysis of Handa 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 Handa from various momentum indicators to cycle indicators. When you analyze Handa 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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| Volume Indicators |
| Risk Adjusted Performance | (0.17) | |||
| Market Risk Adjusted Performance | 6.27 | |||
| Mean Deviation | 1.63 | |||
| Coefficient Of Variation | (403.42) | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.97 | |||
| Information Ratio | (0.29) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 6.26 | |||
| Maximum Drawdown | 15.32 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.72 | |||
| Skewness | 1.77 | |||
| Kurtosis | 5.46 |
Additional Tools for Handa Stock Analysis
When running Handa Pharmaceuticals' price analysis, check to measure Handa Pharmaceuticals' 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 Handa Pharmaceuticals is operating at the current time. Most of Handa Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Handa Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Handa Pharmaceuticals' price. Additionally, you may evaluate how the addition of Handa Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.