Mene Inc Stock Technical Analysis
| MENE Stock | CAD 0.11 0.01 8.33% |
As of the 29th of November, Mene secures the Mean Deviation of 3.64, risk adjusted performance of 0.0314, and Downside Deviation of 10.0. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mene Inc, as well as the relationship between them. Please verify Mene Inc jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Mene Inc is priced some-what accurately, providing market reflects its recent price of 0.11 per share.
Mene Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MeneMene |
Mene 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.
Mene Inc 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 Mene Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mene Inc Trend Analysis
Use this graph to draw trend lines for Mene Inc. You can use it to identify possible trend reversals for Mene 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 Mene price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mene Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mene Inc applied against its price change over selected period. The best fit line has a slop of 0.0002 , which may suggest that Mene Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Mene price change compared to its average price change.About Mene 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 Mene Inc 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 Mene Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mene Inc price pattern first instead of the macroeconomic environment surrounding Mene Inc. By analyzing Mene'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 Mene'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 Mene specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 18.56 | 17.22 | 19.81 | 11.07 | Days Of Inventory On Hand | 334.08 | 268.3 | 159.02 | 151.07 |
Mene November 29, 2024 Technical Indicators
Most technical analysis of Mene 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 Mene from various momentum indicators to cycle indicators. When you analyze Mene 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 | 0.0314 | |||
| Market Risk Adjusted Performance | 0.4874 | |||
| Mean Deviation | 3.64 | |||
| Semi Deviation | 4.58 | |||
| Downside Deviation | 10.0 | |||
| Coefficient Of Variation | 3380.54 | |||
| Standard Deviation | 6.0 | |||
| Variance | 35.95 | |||
| Information Ratio | 0.0087 | |||
| Jensen Alpha | 0.1269 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.4774 | |||
| Maximum Drawdown | 33.57 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 | |||
| Downside Variance | 99.92 | |||
| Semi Variance | 20.96 | |||
| Expected Short fall | (9.41) | |||
| Skewness | 0.0601 | |||
| Kurtosis | 1.04 |
Additional Tools for Mene Stock Analysis
When running Mene's price analysis, check to measure Mene'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 Mene is operating at the current time. Most of Mene's value examination focuses on studying past and present price action to predict the probability of Mene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mene's price. Additionally, you may evaluate how the addition of Mene to your portfolios can decrease your overall portfolio volatility.