Octodec (South Africa) Technical Analysis
| OCT Stock | 1,165 15.00 1.30% |
As of the 20th of December, Octodec holds the Coefficient Of Variation of (4,408), risk adjusted performance of (0.01), and Variance of 2.22. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Octodec, as well as the relationship between them. Please check Octodec information ratio, potential upside, and the relationship between the standard deviation and maximum drawdown to decide if Octodec is priced some-what accurately, providing market reflects its current price of 1165.0 per share.
Octodec Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Octodec, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OctodecOctodec |
Octodec 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.
Octodec 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 Octodec volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Octodec Trend Analysis
Use this graph to draw trend lines for Octodec. You can use it to identify possible trend reversals for Octodec 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 Octodec price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Octodec Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Octodec applied against its price change over selected period. The best fit line has a slop of 0.32 , which means Octodec will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3934.04, which is the sum of squared deviations for the predicted Octodec price change compared to its average price change.About Octodec 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 Octodec 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 Octodec based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Octodec price pattern first instead of the macroeconomic environment surrounding Octodec. By analyzing Octodec'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 Octodec'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 Octodec specific price patterns or momentum indicators. Please read more on our technical analysis page.
Octodec December 20, 2024 Technical Indicators
Most technical analysis of Octodec 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 Octodec from various momentum indicators to cycle indicators. When you analyze Octodec 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 | (0.01) | |||
| Market Risk Adjusted Performance | (0.75) | |||
| Mean Deviation | 1.02 | |||
| Coefficient Of Variation | (4,408) | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.22 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.76) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.25 | |||
| Skewness | (1.10) | |||
| Kurtosis | 4.58 |
Complementary Tools for Octodec Stock analysis
When running Octodec's price analysis, check to measure Octodec'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 Octodec is operating at the current time. Most of Octodec's value examination focuses on studying past and present price action to predict the probability of Octodec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Octodec's price. Additionally, you may evaluate how the addition of Octodec to your portfolios can decrease your overall portfolio volatility.
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