The9 Ltd Adr Stock Technical Analysis
| NCTY Stock | USD 6.96 0.57 7.57% |
As of the 8th of May, The9 has the Coefficient Of Variation of 942.0, risk adjusted performance of 0.0752, and Semi Deviation of 4.79. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of The9 Ltd ADR, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for The9 Ltd ADR, which can be compared to its competition. Please validate The9 Ltd ADR semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if The9 is priced more or less accurately, providing market reflects its prevalent price of 6.96 per share. Given that The9 Ltd ADR has jensen alpha of 0.3238, we advise you to double-check The9 Ltd ADR's current market performance to make sure the company can sustain itself at a future point.
The9 Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as The9, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to The9The9 |
The9 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, stock market cycles, or different charting patterns.
The9 Ltd ADR 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 The9 Ltd ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
The9 Ltd ADR Trend Analysis
Use this graph to draw trend lines for The9 Ltd ADR. You can use it to identify possible trend reversals for The9 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 The9 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.The9 Best Fit Change Line
The following chart estimates an ordinary least squares regression model for The9 Ltd ADR applied against its price change over selected period. The best fit line has a slop of 0.02 , which means The9 Ltd ADR will continue generating value for investors. It has 122 observation points and a regression sum of squares at 21.55, which is the sum of squared deviations for the predicted The9 price change compared to its average price change.About The9 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 The9 Ltd ADR 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 The9 Ltd ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on The9 Ltd ADR price pattern first instead of the macroeconomic environment surrounding The9 Ltd ADR. By analyzing The9'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 The9'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 The9 specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0144 | 0.0128 | Price To Sales Ratio | 1.0 | 0.95 |
The9 May 8, 2024 Technical Indicators
Most technical analysis of The9 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 The9 from various momentum indicators to cycle indicators. When you analyze The9 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 | 0.0752 | |||
| Market Risk Adjusted Performance | 0.1684 | |||
| Mean Deviation | 4.13 | |||
| Semi Deviation | 4.79 | |||
| Downside Deviation | 5.37 | |||
| Coefficient Of Variation | 942.0 | |||
| Standard Deviation | 5.5 | |||
| Variance | 30.24 | |||
| Information Ratio | 0.0918 | |||
| Jensen Alpha | 0.3238 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0941 | |||
| Treynor Ratio | 0.1584 | |||
| Maximum Drawdown | 22.54 | |||
| Value At Risk | (8.42) | |||
| Potential Upside | 11.36 | |||
| Downside Variance | 28.81 | |||
| Semi Variance | 22.98 | |||
| Expected Short fall | (4.23) | |||
| Skewness | 0.1974 | |||
| Kurtosis | 0.4376 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for The9 Stock analysis
When running The9's price analysis, check to measure The9'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 The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to predict the probability of The9's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.
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Is The9's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of The9. If investors know The9 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about The9 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.80) | Revenue Per Share 53.136 | Quarterly Revenue Growth 0.286 | Return On Assets (0.20) | Return On Equity (1.38) |
The market value of The9 Ltd ADR is measured differently than its book value, which is the value of The9 that is recorded on the company's balance sheet. Investors also form their own opinion of The9's value that differs from its market value or its book value, called intrinsic value, which is The9's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because The9's market value can be influenced by many factors that don't directly affect The9's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between The9's value and its price as these two are different measures arrived at by different means. Investors typically determine if The9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The9's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.