Drdgold Stock Technical Analysis
DRDGFDelisted Stock | USD 0.96 0.00 0.00% |
As of the 2nd of December, Drdgold shows the Mean Deviation of 0.6641, standard deviation of 1.93, and Coefficient Of Variation of 618.06. Drdgold technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Drdgold standard deviation, as well as the relationship between the treynor ratio and kurtosis to decide if Drdgold is priced favorably, providing market reflects its regular price of 0.96 per share. Given that Drdgold is a hitting penny stock territory we advise to closely look at its information ratio.
Drdgold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Drdgold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DrdgoldDrdgold |
Drdgold 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.
Drdgold Technical Analysis
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Drdgold Trend Analysis
Use this graph to draw trend lines for Drdgold. You can use it to identify possible trend reversals for Drdgold 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 Drdgold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Drdgold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Drdgold applied against its price change over selected period. The best fit line has a slop of 0 , which means Drdgold will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.3, which is the sum of squared deviations for the predicted Drdgold price change compared to its average price change.About Drdgold 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 Drdgold 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 Drdgold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Drdgold price pattern first instead of the macroeconomic environment surrounding Drdgold. By analyzing Drdgold'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 Drdgold'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 Drdgold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Drdgold December 2, 2024 Technical Indicators
Most technical analysis of Drdgold 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 Drdgold from various momentum indicators to cycle indicators. When you analyze Drdgold 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 | 0.1297 | |||
Market Risk Adjusted Performance | (2.94) | |||
Mean Deviation | 0.6641 | |||
Coefficient Of Variation | 618.06 | |||
Standard Deviation | 1.93 | |||
Variance | 3.74 | |||
Information Ratio | 0.0906 | |||
Jensen Alpha | 0.316 | |||
Total Risk Alpha | (0.02) | |||
Treynor Ratio | (2.95) | |||
Maximum Drawdown | 13.98 | |||
Skewness | 5.77 | |||
Kurtosis | 33.99 |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Drdgold Pink Sheet
If you are still planning to invest in Drdgold check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Drdgold's history and understand the potential risks before investing.
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