Bank Of Communications Stock Technical Analysis
| BCMXY Stock | USD 16.85 0.24 1.44% |
As of the 23rd of April, Bank of Communications shows the Mean Deviation of 0.2628, standard deviation of 0.7158, and Risk Adjusted Performance of 0.1217. Bank of Communications 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'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 have analyzed and interpolated twelve technical drivers for Bank of Communications, which can be compared to its peers. Please confirm Bank of Communications variance and kurtosis to decide if Bank of Communications is priced correctly, providing market reflects its regular price of 16.85 per share. Given that Bank of Communications has total risk alpha of 0.0377, we suggest you to validate Bank of Communications's prevailing market performance to make sure the company can sustain itself at a future point.
Bank of Communications Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bank, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BankBank |
Bank of Communications technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Bank of Communications 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 Bank of Communications volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bank of Communications Trend Analysis
Use this graph to draw trend lines for Bank of Communications. You can use it to identify possible trend reversals for Bank of Communications 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 Bank of Communications price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bank of Communications Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bank of Communications applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Bank of Communications will continue generating value for investors. It has 122 observation points and a regression sum of squares at 24.1, which is the sum of squared deviations for the predicted Bank of Communications price change compared to its average price change.About Bank of Communications 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 Bank of Communications 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 Bank of Communications based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bank of Communications price pattern first instead of the macroeconomic environment surrounding Bank of Communications. By analyzing Bank of Communications'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 Bank of Communications'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 Bank of Communications specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bank of Communications April 23, 2024 Technical Indicators
Most technical analysis of Bank 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 Bank from various momentum indicators to cycle indicators. When you analyze Bank 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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| Risk Adjusted Performance | 0.1217 | |||
| Market Risk Adjusted Performance | 1.15 | |||
| Mean Deviation | 0.2628 | |||
| Coefficient Of Variation | 511.81 | |||
| Standard Deviation | 0.7158 | |||
| Variance | 0.5124 | |||
| Information Ratio | 0.0707 | |||
| Jensen Alpha | 0.1208 | |||
| Total Risk Alpha | 0.0377 | |||
| Treynor Ratio | 1.14 | |||
| Maximum Drawdown | 5.39 | |||
| Potential Upside | 0.6667 | |||
| Skewness | 6.54 | |||
| Kurtosis | 46.4 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Communications. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Bank Pink Sheet analysis
When running Bank of Communications' price analysis, check to measure Bank of Communications' 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 Bank of Communications is operating at the current time. Most of Bank of Communications' value examination focuses on studying past and present price action to predict the probability of Bank of Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Communications' price. Additionally, you may evaluate how the addition of Bank of Communications to your portfolios can decrease your overall portfolio volatility.
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