Bynd Cannasoft Enterprises Stock Technical Analysis
| BCAN Stock | USD 8.07 0.07 0.88% |
As of the 1st of December, BYND Cannasoft shows the mean deviation of 0.9162, and Risk Adjusted Performance of (0.04). BYND Cannasoft Enter 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.
BYND Cannasoft Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BYND, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BYNDBYND |
BYND Cannasoft 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.
BYND Cannasoft Enter 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 BYND Cannasoft Enter volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BYND Cannasoft Enter Trend Analysis
Use this graph to draw trend lines for BYND Cannasoft Enterprises. You can use it to identify possible trend reversals for BYND Cannasoft 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 BYND Cannasoft price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BYND Cannasoft Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BYND Cannasoft Enterprises applied against its price change over selected period. The best fit line has a slop of 0.0013 , which may suggest that BYND Cannasoft Enterprises market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.07, which is the sum of squared deviations for the predicted BYND Cannasoft price change compared to its average price change.About BYND Cannasoft 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 BYND Cannasoft Enterprises 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 BYND Cannasoft Enterprises based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BYND Cannasoft Enter price pattern first instead of the macroeconomic environment surrounding BYND Cannasoft Enter. By analyzing BYND Cannasoft'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 BYND Cannasoft'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 BYND Cannasoft specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 2.18E-4 | 2.29E-4 | Price To Sales Ratio | 16.21 | 15.4 |
BYND Cannasoft December 1, 2024 Technical Indicators
Most technical analysis of BYND 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 BYND from various momentum indicators to cycle indicators. When you analyze BYND 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 | (0.04) | |||
| Market Risk Adjusted Performance | 1.0 | |||
| Mean Deviation | 0.9162 | |||
| Coefficient Of Variation | (1,949) | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.69 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.9949 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.37 | |||
| Skewness | (0.20) | |||
| Kurtosis | 1.09 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BYND Cannasoft. If investors know BYND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (969.93) | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.