Evergreen Steel (Taiwan) Technical Analysis
| 2211 Stock | TWD 148.00 8.00 5.13% |
As of the 19th of May, Evergreen Steel shows the Coefficient Of Variation of 651.05, mean deviation of 2.08, and Downside Deviation of 2.89. Evergreen Steel Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Evergreen Steel Corp, which can be compared to its peers. Please confirm Evergreen Steel Corp semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if Evergreen Steel Corp is priced favorably, providing market reflects its regular price of 148.0 per share.
Evergreen Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Evergreen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EvergreenEvergreen |
Evergreen Steel 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.
Evergreen Steel Corp Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Evergreen Steel Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Evergreen Steel Corp Trend Analysis
Use this graph to draw trend lines for Evergreen Steel Corp. You can use it to identify possible trend reversals for Evergreen Steel 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 Evergreen Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Evergreen Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Evergreen Steel Corp applied against its price change over selected period. The best fit line has a slop of 0.77 , which means Evergreen Steel Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22269.13, which is the sum of squared deviations for the predicted Evergreen Steel price change compared to its average price change.About Evergreen Steel 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 Evergreen Steel Corp 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 Evergreen Steel Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Evergreen Steel Corp price pattern first instead of the macroeconomic environment surrounding Evergreen Steel Corp. By analyzing Evergreen Steel'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 Evergreen Steel'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 Evergreen Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
Evergreen Steel May 19, 2024 Technical Indicators
Most technical analysis of Evergreen 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 Evergreen from various momentum indicators to cycle indicators. When you analyze Evergreen 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 | 0.098 | |||
| Market Risk Adjusted Performance | (0.75) | |||
| Mean Deviation | 2.08 | |||
| Semi Deviation | 2.4 | |||
| Downside Deviation | 2.89 | |||
| Coefficient Of Variation | 651.05 | |||
| Standard Deviation | 2.94 | |||
| Variance | 8.67 | |||
| Information Ratio | 0.1198 | |||
| Jensen Alpha | 0.4945 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1222 | |||
| Treynor Ratio | (0.76) | |||
| Maximum Drawdown | 19.85 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.53 | |||
| Downside Variance | 8.33 | |||
| Semi Variance | 5.74 | |||
| Expected Short fall | (2.53) | |||
| Skewness | (0) | |||
| Kurtosis | 2.8 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Evergreen Steel Corp. 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Evergreen Stock analysis
When running Evergreen Steel's price analysis, check to measure Evergreen Steel'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 Evergreen Steel is operating at the current time. Most of Evergreen Steel's value examination focuses on studying past and present price action to predict the probability of Evergreen Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Steel's price. Additionally, you may evaluate how the addition of Evergreen Steel to your portfolios can decrease your overall portfolio volatility.
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