Canadian Western Bank Stock Technical Analysis
| CBWBF Stock | USD 41.14 0.09 0.22% |
As of the 18th of December 2024, Canadian Western shows the Mean Deviation of 0.3736, standard deviation of 1.12, and Risk Adjusted Performance of 0.0512. Canadian Western Bank 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 Canadian Western Bank variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Canadian Western Bank is priced correctly, providing market reflects its regular price of 41.14 per share. Given that Canadian Western has total risk alpha of (0.03), we suggest you to validate Canadian Western Bank's prevailing market performance to make sure the company can sustain itself at a future point.
Canadian Western Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanadianCanadian |
Canadian Western 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.
Canadian Western Bank Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Canadian Western Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canadian Western Bank Trend Analysis
Use this graph to draw trend lines for Canadian Western Bank. You can use it to identify possible trend reversals for Canadian Western 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 Canadian Western price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canadian Western Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canadian Western Bank applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Canadian Western Bank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 34.1, which is the sum of squared deviations for the predicted Canadian Western price change compared to its average price change.About Canadian Western 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 Canadian Western Bank 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 Canadian Western Bank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Western Bank price pattern first instead of the macroeconomic environment surrounding Canadian Western Bank. By analyzing Canadian Western'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 Canadian Western'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 Canadian Western specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canadian Western December 18, 2024 Technical Indicators
Most technical analysis of Canadian 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 Canadian from various momentum indicators to cycle indicators. When you analyze Canadian 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0512 | |||
| Market Risk Adjusted Performance | 0.6326 | |||
| Mean Deviation | 0.3736 | |||
| Coefficient Of Variation | 1520.03 | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.25 | |||
| Information Ratio | 0.0053 | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.6226 | |||
| Maximum Drawdown | 9.43 | |||
| Potential Upside | 0.9372 | |||
| Skewness | (1.93) | |||
| Kurtosis | 24.2 |
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Western's price analysis, check to measure Canadian Western'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 Canadian Western is operating at the current time. Most of Canadian Western's value examination focuses on studying past and present price action to predict the probability of Canadian Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Western's price. Additionally, you may evaluate how the addition of Canadian Western to your portfolios can decrease your overall portfolio volatility.
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