AdManum technical analysis

Use AdManum Finance Ltd (#INE556D01017IN) technical analysis within your existing portfolios mixed with equities fromn Bombay Stock Exchange to protect against small markets fluctuations as well as to determine Stock diversification method that is right for you.  Build Portfolio

Use this graph to draw trend lines for AdManum Finance Ltd. You can use it to identify possible trend reversals for AdManum 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 AdManum price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

AdManum Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AdManum Finance Ltd applied against its price change over selected period. The best fit line has a slop of 0.27 % which may suggest that AdManum Finance Ltd market price will keep on failing further. It has 40 observation points and regression sum of squers of 97.17 which is sum of squared deviations of the predicted AdManum price change against its avarage change. AdManum has a best fit line with a correlation coefficient of -0.58. and coefficient of determination of 0.34. Note, that the company has price-to-book (p/b) ratio of 0.84.