Envirotech Vehicles Stock Technical Analysis
| EVTV Stock | USD 1.54 0.10 6.94% |
As of the 2nd of December, Envirotech Vehicles shows the Mean Deviation of 2.83, variance of 16.3, and Standard Deviation of 4.04. Envirotech Vehicles 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 Envirotech Vehicles risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Envirotech Vehicles is priced favorably, providing market reflects its regular price of 1.54 per share. Please also check Envirotech Vehicles jensen alpha, which is currently at (0.24) to verify the company can sustain itself at a future point.
Envirotech Vehicles Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Envirotech, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EnvirotechEnvirotech |
Envirotech Vehicles 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.
Envirotech Vehicles Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Envirotech Vehicles volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Envirotech Vehicles Trend Analysis
Use this graph to draw trend lines for Envirotech Vehicles. You can use it to identify possible trend reversals for Envirotech Vehicles 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 Envirotech Vehicles price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Envirotech Vehicles Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Envirotech Vehicles applied against its price change over selected period. The best fit line has a slop of 0.0045 , which may suggest that Envirotech Vehicles market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.78, which is the sum of squared deviations for the predicted Envirotech Vehicles price change compared to its average price change.About Envirotech Vehicles 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 Envirotech Vehicles 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 Envirotech Vehicles based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Envirotech Vehicles price pattern first instead of the macroeconomic environment surrounding Envirotech Vehicles. By analyzing Envirotech Vehicles'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 Envirotech Vehicles'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 Envirotech Vehicles specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 5.37 | 4.59 | 2.44 | 2.32 | Days Of Inventory On Hand | 1.1K | 746.58 | 2.0K | 2.1K |
Envirotech Vehicles December 2, 2024 Technical Indicators
Most technical analysis of Envirotech 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 Envirotech from various momentum indicators to cycle indicators. When you analyze Envirotech 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.56) | |||
| Mean Deviation | 2.83 | |||
| Coefficient Of Variation | (2,136) | |||
| Standard Deviation | 4.04 | |||
| Variance | 16.3 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.57) | |||
| Maximum Drawdown | 25.69 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 6.67 | |||
| Skewness | 0.2027 | |||
| Kurtosis | 2.38 |
Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.