West Red Lake Stock Technical Analysis
| WRLGF Stock | 0.42 0.02 5.00% |
As of the 13th of December 2024, West Red maintains the Market Risk Adjusted Performance of (0.42), mean deviation of 2.08, and Standard Deviation of 2.78. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of West Red Lake, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for West Red Lake, which can be compared to its peers. Please check out West Red Lake market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if West Red Lake is priced fairly, providing market reflects its latest price of 0.42 per share. As West Red Lake is a penny stock we also advise to confirm its jensen alpha numbers.
West Red Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as West, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WestWest |
West Red technical otc 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, otc market cycles, or different charting patterns.
West Red Lake Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 West Red Lake volatility. High ATR values indicate high volatility, and low values indicate low volatility.
West Red Lake Trend Analysis
Use this graph to draw trend lines for West Red Lake. You can use it to identify possible trend reversals for West Red 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 West Red price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.West Red Best Fit Change Line
The following chart estimates an ordinary least squares regression model for West Red Lake applied against its price change over selected period. The best fit line has a slop of 0.0043 , which may suggest that West Red Lake market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.69, which is the sum of squared deviations for the predicted West Red price change compared to its average price change.About West Red 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 West Red Lake 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 West Red Lake based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on West Red Lake price pattern first instead of the macroeconomic environment surrounding West Red Lake. By analyzing West Red'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 West Red'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 West Red specific price patterns or momentum indicators. Please read more on our technical analysis page.
West Red December 13, 2024 Technical Indicators
Most technical analysis of West 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 West from various momentum indicators to cycle indicators. When you analyze West 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 | (0.07) | |||
| Market Risk Adjusted Performance | (0.42) | |||
| Mean Deviation | 2.08 | |||
| Coefficient Of Variation | (974.91) | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.72 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.43) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.13 | |||
| Skewness | 0.1094 | |||
| Kurtosis | (0.12) |
Complementary Tools for West OTC Stock analysis
When running West Red's price analysis, check to measure West Red'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 West Red is operating at the current time. Most of West Red's value examination focuses on studying past and present price action to predict the probability of West Red's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Red's price. Additionally, you may evaluate how the addition of West Red to your portfolios can decrease your overall portfolio volatility.
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