Alumina Limited shows Downside Deviation of 1.13, Risk Adjusted Performance of 0.0489 and Mean Deviation of 0.9557. Alumina Limited technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English 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 found nineteen technical drivers for Alumina Limited which can be compared to its rivals. Please confirm Alumina Limited Variance and Potential Upside to decide if Alumina Limited is priced correctly providing market reflects its regular price of 7.24 per share. Given that Alumina Limited has Jensen Alpha of 0.1289, we suggest you validate Alumina Limited prevailing market performance to make sure the company can sustain itself at future point.
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Alumina Limited Trend AnalysisUse this graph to draw trend lines for Alumina Limited. You can use it to identify possible trend reversals for Alumina Limited 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 Alumina Limited price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Alumina Limited Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Alumina Limited applied against its price change over selected period. The best fit line has a slop of 0.018333 % which means Alumina Limited will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.27, which is the sum of squared deviations for the predicted Alumina Limited price change compared to its average price change.
Alumina Limited is rated fifth in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.33 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Alumina Limited is roughly 1.33