Nevado Resources Stock Technical Analysis
| VDO-H Stock | CAD 0.04 0.00 0.00% |
As of the 19th of April, Nevado Resources secures the Risk Adjusted Performance of 0.0216, standard deviation of 4.76, and Mean Deviation of 1.01. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nevado Resources, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyze and collected data for eleven technical drivers for Nevado Resources, which can be compared to its peers in the industry. Please verify Nevado Resources mean deviation, total risk alpha, kurtosis, as well as the relationship between the standard deviation and maximum drawdown to decide if Nevado Resources is priced some-what accurately, providing market reflects its recent price of 0.04 per share.
Nevado Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nevado, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NevadoNevado |
Nevado Resources 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.
Nevado Resources Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Nevado Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nevado Resources Trend Analysis
Use this graph to draw trend lines for Nevado Resources. You can use it to identify possible trend reversals for Nevado Resources 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 Nevado Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nevado Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nevado Resources applied against its price change over selected period. The best fit line has a slop of 0.000057 , which means Nevado Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Nevado Resources price change compared to its average price change.About Nevado Resources 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 Nevado 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 Nevado Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nevado Resources price pattern first instead of the macroeconomic environment surrounding Nevado Resources. By analyzing Nevado Resources'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 Nevado Resources'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 Nevado Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nevado Resources April 19, 2024 Technical Indicators
Most technical analysis of Nevado 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 Nevado from various momentum indicators to cycle indicators. When you analyze Nevado 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0216 | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 1.01 | |||
| Coefficient Of Variation | 4794.9 | |||
| Standard Deviation | 4.76 | |||
| Variance | 22.63 | |||
| Information Ratio | 0.0064 | |||
| Jensen Alpha | 0.1566 | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 33.33 | |||
| Skewness | 4.68 | |||
| Kurtosis | 39.3 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Nevado Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Nevado Resources information on this page should be used as a complementary analysis to other Nevado Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Nevado Stock analysis
When running Nevado Resources' price analysis, check to measure Nevado Resources' 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 Nevado Resources is operating at the current time. Most of Nevado Resources' value examination focuses on studying past and present price action to predict the probability of Nevado Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevado Resources' price. Additionally, you may evaluate how the addition of Nevado Resources to your portfolios can decrease your overall portfolio volatility.
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