Canadian TireLimited (Germany) Technical Analysis
| YAAA Stock | EUR 103.40 0.30 0.29% |
As of the 6th of January, Canadian TireLimited shows the Mean Deviation of 0.6471, risk adjusted performance of (0.01), and Standard Deviation of 0.9589. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Canadian TireLimited, as well as the relationship between them. Please confirm Canadian TireLimited mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Canadian TireLimited is priced correctly, providing market reflects its regular price of 103.4 per share.
Canadian TireLimited Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanadianCanadian |
Canadian TireLimited 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.
Canadian TireLimited 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 Canadian TireLimited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canadian TireLimited Trend Analysis
Use this graph to draw trend lines for Canadian Tire. You can use it to identify possible trend reversals for Canadian TireLimited 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 Canadian TireLimited price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canadian TireLimited Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canadian Tire applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Canadian Tire will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3.53, which is the sum of squared deviations for the predicted Canadian TireLimited price change compared to its average price change.About Canadian TireLimited 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 Canadian Tire 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 Canadian Tire based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian TireLimited price pattern first instead of the macroeconomic environment surrounding Canadian TireLimited. By analyzing Canadian TireLimited'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 Canadian TireLimited'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 Canadian TireLimited specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canadian TireLimited January 6, 2025 Technical Indicators
Most technical analysis of Canadian 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 Canadian from various momentum indicators to cycle indicators. When you analyze Canadian 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 | (0.01) | |||
| Market Risk Adjusted Performance | (0.26) | |||
| Mean Deviation | 0.6471 | |||
| Coefficient Of Variation | (7,841) | |||
| Standard Deviation | 0.9589 | |||
| Variance | 0.9194 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.27) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.44 | |||
| Skewness | 0.0546 | |||
| Kurtosis | 3.34 |
Complementary Tools for Canadian Stock analysis
When running Canadian TireLimited's price analysis, check to measure Canadian TireLimited'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 Canadian TireLimited is operating at the current time. Most of Canadian TireLimited's value examination focuses on studying past and present price action to predict the probability of Canadian TireLimited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian TireLimited's price. Additionally, you may evaluate how the addition of Canadian TireLimited to your portfolios can decrease your overall portfolio volatility.
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