Tenax Therapeutics Stock Technical Analysis
| TENX Stock | USD 5.36 0.03 0.56% |
As of the 2nd of December, Tenax Therapeutics has the Coefficient Of Variation of 611.01, semi deviation of 2.4, and Risk Adjusted Performance of 0.1328. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tenax Therapeutics, as well as the relationship between them.
Tenax Therapeutics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tenax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TenaxTenax |
Tenax Therapeutics Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 5.5 | Strong Buy | 4 | Odds |
Most Tenax 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 Tenax stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Tenax Therapeutics, talking to its executives and customers, or listening to Tenax conference calls.
Tenax Therapeutics 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.
Tenax Therapeutics 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 Tenax Therapeutics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tenax Therapeutics Trend Analysis
Use this graph to draw trend lines for Tenax Therapeutics. You can use it to identify possible trend reversals for Tenax Therapeutics 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 Tenax Therapeutics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tenax Therapeutics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tenax Therapeutics applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Tenax Therapeutics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 40.05, which is the sum of squared deviations for the predicted Tenax Therapeutics price change compared to its average price change.About Tenax Therapeutics 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 Tenax Therapeutics 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 Tenax Therapeutics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tenax Therapeutics price pattern first instead of the macroeconomic environment surrounding Tenax Therapeutics. By analyzing Tenax Therapeutics'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 Tenax Therapeutics'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 Tenax Therapeutics specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 3.72 | 3.31 | Price To Sales Ratio | 134.5K | 141.3K |
Tenax Therapeutics December 2, 2024 Technical Indicators
Most technical analysis of Tenax 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 Tenax from various momentum indicators to cycle indicators. When you analyze Tenax 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 | 0.1328 | |||
| Market Risk Adjusted Performance | 0.5673 | |||
| Mean Deviation | 2.51 | |||
| Semi Deviation | 2.4 | |||
| Downside Deviation | 2.68 | |||
| Coefficient Of Variation | 611.01 | |||
| Standard Deviation | 3.35 | |||
| Variance | 11.25 | |||
| Information Ratio | 0.1226 | |||
| Jensen Alpha | 0.4155 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1537 | |||
| Treynor Ratio | 0.5573 | |||
| Maximum Drawdown | 18.78 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.49 | |||
| Downside Variance | 7.16 | |||
| Semi Variance | 5.76 | |||
| Expected Short fall | (3.04) | |||
| Skewness | 0.9102 | |||
| Kurtosis | 2.46 |
Additional Tools for Tenax Stock Analysis
When running Tenax Therapeutics' price analysis, check to measure Tenax Therapeutics' 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 Tenax Therapeutics is operating at the current time. Most of Tenax Therapeutics' value examination focuses on studying past and present price action to predict the probability of Tenax Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenax Therapeutics' price. Additionally, you may evaluate how the addition of Tenax Therapeutics to your portfolios can decrease your overall portfolio volatility.