Ardea Resources Limited Stock Technical Analysis
| ARRRF Stock | USD 0.22 0.01 4.76% |
As of the 29th of November, Ardea Resources shows the mean deviation of 2.22, and Risk Adjusted Performance of (0.02). Ardea Resources technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Ardea Resources market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Ardea Resources is priced correctly, providing market reflects its regular price of 0.22 per share. As Ardea Resources appears to be a penny stock we also recommend to validate its jensen alpha numbers.
Ardea Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ardea, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ArdeaArdea |
Ardea Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Ardea Resources Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Ardea Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ardea Resources Trend Analysis
Use this graph to draw trend lines for Ardea Resources Limited. You can use it to identify possible trend reversals for Ardea Resources 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 Ardea Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ardea Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ardea Resources Limited applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that Ardea Resources Limited 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 Ardea Resources price change compared to its average price change.About Ardea Resources 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 Ardea Resources Limited 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 Ardea Resources Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ardea Resources price pattern first instead of the macroeconomic environment surrounding Ardea Resources. By analyzing Ardea Resources'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 Ardea Resources'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 Ardea Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ardea Resources November 29, 2024 Technical Indicators
Most technical analysis of Ardea 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 Ardea from various momentum indicators to cycle indicators. When you analyze Ardea 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 | (0.02) | |||
| Market Risk Adjusted Performance | 5.61 | |||
| Mean Deviation | 2.22 | |||
| Coefficient Of Variation | (2,799) | |||
| Standard Deviation | 5.08 | |||
| Variance | 25.76 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 5.6 | |||
| Maximum Drawdown | 39.58 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 3.85 | |||
| Skewness | 0.0545 | |||
| Kurtosis | 8.13 |
Complementary Tools for Ardea Pink Sheet analysis
When running Ardea Resources' price analysis, check to measure Ardea Resources' 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 Ardea Resources is operating at the current time. Most of Ardea Resources' value examination focuses on studying past and present price action to predict the probability of Ardea Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardea Resources' price. Additionally, you may evaluate how the addition of Ardea Resources to your portfolios can decrease your overall portfolio volatility.
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