Group Eleven Resources Stock Technical Analysis
| ZNG Stock | CAD 0.17 0.01 5.56% |
As of the 20th of December, Group Eleven retains the Market Risk Adjusted Performance of (0.24), standard deviation of 4.05, and Risk Adjusted Performance of (0.02). Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Group Eleven Resources, as well as the relationship between them. Please check out Group Eleven Resources standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Group Eleven is priced fairly, providing market reflects its last-minute price of 0.17 per share.
Group Eleven Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Group, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GroupGroup |
Group Eleven 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.
Group Eleven Resources Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. 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 Group Eleven Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Group Eleven Resources Trend Analysis
Use this graph to draw trend lines for Group Eleven Resources. You can use it to identify possible trend reversals for Group Eleven 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 Group Eleven price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Group Eleven Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Group Eleven Resources applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that Group Eleven Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Group Eleven price change compared to its average price change.About Group Eleven 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 Group Eleven Resources 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 Group Eleven Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Group Eleven Resources price pattern first instead of the macroeconomic environment surrounding Group Eleven Resources. By analyzing Group Eleven'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 Group Eleven'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 Group Eleven specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | PB Ratio | 3.55 | 3.37 | Capex To Depreciation | 5.47 | 5.2 |
Group Eleven December 20, 2024 Technical Indicators
Most technical analysis of Group 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 Group from various momentum indicators to cycle indicators. When you analyze Group 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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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 2.5 | |||
| Coefficient Of Variation | (2,441) | |||
| Standard Deviation | 4.05 | |||
| Variance | 16.4 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.56 | |||
| Skewness | 0.4735 | |||
| Kurtosis | 1.13 |
Additional Tools for Group Stock Analysis
When running Group Eleven's price analysis, check to measure Group Eleven'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 Group Eleven is operating at the current time. Most of Group Eleven's value examination focuses on studying past and present price action to predict the probability of Group Eleven's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group Eleven's price. Additionally, you may evaluate how the addition of Group Eleven to your portfolios can decrease your overall portfolio volatility.