Profound Medical Corp Stock Technical Analysis
| PROF Stock | USD 8.15 0.31 3.95% |
As of the 29th of November, Profound Medical holds the Variance of 9.82, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,939). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Profound Medical, as well as the relationship between them. Please check Profound Medical Corp market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Profound Medical Corp is priced some-what accurately, providing market reflects its current price of 8.15 per share. Given that Profound Medical has information ratio of (0.07), we recommend you to check out Profound Medical Corp's recent market performance to make sure the company can sustain itself at a future point.
Profound Medical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Profound, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProfoundProfound |
Profound Medical Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 16.82 | Strong Buy | 6 | Odds |
Most Profound analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Profound stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Profound Medical Corp, talking to its executives and customers, or listening to Profound conference calls.
Profound Medical 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.
Profound Medical Corp 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 Profound Medical Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Profound Medical Corp Trend Analysis
Use this graph to draw trend lines for Profound Medical Corp. You can use it to identify possible trend reversals for Profound Medical 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 Profound Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Profound Medical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Profound Medical Corp applied against its price change over selected period. The best fit line has a slop of 0 , which means Profound Medical Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted Profound Medical price change compared to its average price change.About Profound Medical 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 Profound Medical Corp 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 Profound Medical Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Profound Medical Corp price pattern first instead of the macroeconomic environment surrounding Profound Medical Corp. By analyzing Profound Medical'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 Profound Medical'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 Profound Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 74.99 | 346.59 | 369.51 | 324.06 | PTB Ratio | 2.86 | 4.27 | 5.69 | 3.51 |
Profound Medical November 29, 2024 Technical Indicators
Most technical analysis of Profound 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 Profound from various momentum indicators to cycle indicators. When you analyze Profound 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 2.17 | |||
| Coefficient Of Variation | (2,939) | |||
| Standard Deviation | 3.13 | |||
| Variance | 9.82 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 18.74 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.26 | |||
| Skewness | 1.62 | |||
| Kurtosis | 4.88 |
Complementary Tools for Profound Stock analysis
When running Profound Medical's price analysis, check to measure Profound Medical'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 Profound Medical is operating at the current time. Most of Profound Medical's value examination focuses on studying past and present price action to predict the probability of Profound Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profound Medical's price. Additionally, you may evaluate how the addition of Profound Medical to your portfolios can decrease your overall portfolio volatility.
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