CCA Industries Inc owns Coefficient Of Variation of 2258.82 and Market Risk Adjusted Performance of 0.1045. CCA Industries Inc technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the entity future prices. Strictly speaking you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for CCA Industries which can be compared to its peers in the sector. Please confirm CCA Industries Inc Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if CCA Industries Inc is priced adequately providing market reflects its prevailing price of 3.14 per share. Given that CCA Industries Inc has Jensen Alpha of (0.1), we suggest you validate CCA Industries latest market performance to make sure the company can sustain itself at some future date.
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CCA Industries Inc Technical Analysis
CCA Industries Inc Trend AnalysisUse this graph to draw trend lines for CCA Industries Inc. You can use it to identify possible trend reversals for CCA Industries 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 CCA Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
CCA Industries Best Fit Change LineThe following chart estimates an ordinary least squares regression model for CCA Industries Inc applied against its price change over selected period. The best fit line has a slop of 0.00086667 % which may imply that CCA Industries Inc will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted CCA Industries price change compared to its average price change.
CCA Industries Inc is rated third in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.42 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for CCA Industries Inc is roughly 1.42