Mitie Group Plc Stock Technical Analysis
| MITFY Stock | USD 5.85 0.09 1.56% |
As of the 24th of April, Mitie Group secures the Risk Adjusted Performance of 0.0363, downside deviation of 2.25, and Mean Deviation of 1.73. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mitie Group Plc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Mitie Group, which can be compared to its peers in the industry. Please verify Mitie Group Plc information ratio and downside variance to decide if Mitie Group Plc is priced some-what accurately, providing market reflects its recent price of 5.85 per share. Given that Mitie Group Plc has jensen alpha of 0.1769, we recommend you to check Mitie Group's last-minute market performance to make sure the company can sustain itself at a future point.
Mitie Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mitie, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MitieMitie |
Mitie Group 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.
Mitie Group Plc Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Mitie Group Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mitie Group Plc Trend Analysis
Use this graph to draw trend lines for Mitie Group Plc. You can use it to identify possible trend reversals for Mitie Group 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 Mitie Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mitie Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mitie Group Plc applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Mitie Group Plc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.74, which is the sum of squared deviations for the predicted Mitie Group price change compared to its average price change.About Mitie Group 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 Mitie Group Plc 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 Mitie Group Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mitie Group Plc price pattern first instead of the macroeconomic environment surrounding Mitie Group Plc. By analyzing Mitie Group'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 Mitie Group'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 Mitie Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
Mitie Group April 24, 2024 Technical Indicators
Most technical analysis of Mitie 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 Mitie from various momentum indicators to cycle indicators. When you analyze Mitie 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0363 | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 1.73 | |||
| Semi Deviation | 2.08 | |||
| Downside Deviation | 2.25 | |||
| Coefficient Of Variation | 2158.24 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.85 | |||
| Information Ratio | 0.0069 | |||
| Jensen Alpha | 0.1769 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 3.93 | |||
| Downside Variance | 5.06 | |||
| Semi Variance | 4.32 | |||
| Expected Short fall | (1.93) | |||
| Skewness | 0.7383 | |||
| Kurtosis | 2.59 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitie Group Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Mitie Group Plc information on this page should be used as a complementary analysis to other Mitie Group'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Mitie Pink Sheet analysis
When running Mitie Group's price analysis, check to measure Mitie Group's 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 Mitie Group is operating at the current time. Most of Mitie Group's value examination focuses on studying past and present price action to predict the probability of Mitie Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitie Group's price. Additionally, you may evaluate how the addition of Mitie Group to your portfolios can decrease your overall portfolio volatility.
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