Mayan Iron Corporation Limited secures Mean Deviation
of 4.34 and Risk Adjusted Performance
of 0.189. In connection with Fundamental Indicators
, Macroaxis technical analysis interface lets you check existing technical drivers of Mayan Iron Limited as well as the relationship between them. Strictly speaking you can use this information to find out if the firm is indeed will mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers
for Mayan which can be compared to its peers in the industry. Please verify Mayan Iron Limited Semi-Deviation
, Coefficient Of Variation
and the relationship
between Mean Deviation
and Downside Deviation
to decide if Mayan Iron Corporation Limited is priced some-what accurately providing market reflects its recent price of 0.027 per share. Use Mayan Iron Corporation Limited (#AU000000MYN1AU) technical analysis together with your other stock asset holdings to protect against small markets fluctuations as well as to check it against diversification policy that fits your risk preferences.
Use this graph to draw trend lines for Mayan Iron Corporation Limited. You can use it to identify possible trend reversals for Mayan 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 Mayan price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Mayan Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mayan Iron Corporation Limited applied against its price change over selected period. The best fit line has a slop of 0.0004 %
which means Mayan Iron Corporation Limited will continue generating value for investors. It has 44 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Mayan price change against its avarage change.
Mayan has a best fit line with a correlation coefficient of 0.67. and coefficient of determination of 0.45. Note, that the company has price-to-book ratio of 0.82.