Prodways Group (Germany) Technical Analysis
| 5PD Stock | 0.85 0.02 1.43% |
As of the 26th of April, Prodways Group holds the Risk Adjusted Performance of (0.09), coefficient of variation of (628.37), and Variance of 6.02. Prodways Group SA technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Prodways Group SA, which can be compared to its competitors. Please check Prodways Group SA standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Prodways Group SA is priced some-what accurately, providing market reflects its current price of 0.67 per share.
Prodways Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Prodways, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProdwaysProdways |
Prodways Group 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.
Prodways Group SA Technical Analysis
The output start index for this execution was fourty-two with a total number of output elements of nineteen. 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 Prodways Group SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Prodways Group SA Trend Analysis
Use this graph to draw trend lines for Prodways Group SA. You can use it to identify possible trend reversals for Prodways Group 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 Prodways Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Prodways Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Prodways Group SA applied against its price change over selected period. The best fit line has a slop of 0.0057 , which may suggest that Prodways Group SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.24, which is the sum of squared deviations for the predicted Prodways Group price change compared to its average price change.About Prodways Group 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 Prodways Group SA 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 Prodways Group SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Prodways Group SA price pattern first instead of the macroeconomic environment surrounding Prodways Group SA. By analyzing Prodways Group'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 Prodways Group'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 Prodways Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
Prodways Group April 26, 2024 Technical Indicators
Most technical analysis of Prodways 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 Prodways from various momentum indicators to cycle indicators. When you analyze Prodways 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 | (0.09) | |||
| Market Risk Adjusted Performance | 1.33 | |||
| Mean Deviation | 1.74 | |||
| Coefficient Of Variation | (628.37) | |||
| Standard Deviation | 2.45 | |||
| Variance | 6.02 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.32 | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 4.23 | |||
| Skewness | (0.26) | |||
| Kurtosis | 1.06 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Prodways Group SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Prodways Stock analysis
When running Prodways Group's price analysis, check to measure Prodways Group'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 Prodways Group is operating at the current time. Most of Prodways Group's value examination focuses on studying past and present price action to predict the probability of Prodways Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prodways Group's price. Additionally, you may evaluate how the addition of Prodways Group to your portfolios can decrease your overall portfolio volatility.
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