Ceco Environmental Corp Stock Technical Analysis
As of the 16th of April 2024, CECO Environmental owns the market risk adjusted performance of (0.51), and Coefficient Of Variation of 858.06. CECO Environmental Corp technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for CECO Environmental, which can be compared to its peers in the sector. Please confirm CECO Environmental Corp variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if CECO Environmental Corp is priced adequately, providing market reflects its prevailing price of 0.0 per share.
CECO Environmental Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CECO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CECOCECO |
CECO Environmental 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, delisted stock market cycles, or different charting patterns.
CECO Environmental Corp Technical Analysis
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CECO Environmental Corp Trend Analysis
Use this graph to draw trend lines for CECO Environmental Corp. You can use it to identify possible trend reversals for CECO Environmental 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 CECO Environmental price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CECO Environmental Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CECO Environmental Corp applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that CECO Environmental Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 25.08, which is the sum of squared deviations for the predicted CECO Environmental price change compared to its average price change.About CECO Environmental 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 CECO Environmental 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 CECO Environmental Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CECO Environmental Corp price pattern first instead of the macroeconomic environment surrounding CECO Environmental Corp. By analyzing CECO Environmental'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 CECO Environmental'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 CECO Environmental specific price patterns or momentum indicators. Please read more on our technical analysis page.
CECO Environmental April 16, 2024 Technical Indicators
Most technical analysis of CECO 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 CECO from various momentum indicators to cycle indicators. When you analyze CECO 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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| Volume Indicators |
| Risk Adjusted Performance | 0.0806 | |||
| Market Risk Adjusted Performance | (0.51) | |||
| Mean Deviation | 1.94 | |||
| Semi Deviation | 2.01 | |||
| Downside Deviation | 2.51 | |||
| Coefficient Of Variation | 858.06 | |||
| Standard Deviation | 2.53 | |||
| Variance | 6.4 | |||
| Information Ratio | 0.0918 | |||
| Jensen Alpha | 0.3139 | |||
| Total Risk Alpha | 0.0722 | |||
| Sortino Ratio | 0.0923 | |||
| Treynor Ratio | (0.52) | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.72 | |||
| Downside Variance | 6.32 | |||
| Semi Variance | 4.03 | |||
| Expected Short fall | (2.22) | |||
| Skewness | 0.5604 | |||
| Kurtosis | 1.7 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in CECO Stock
If you are still planning to invest in CECO Environmental Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CECO Environmental's history and understand the potential risks before investing.
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