Rio Novo Gold Inc holds Coefficient Of Variation
of 2008.66, Semi Deviation
of 8.13 and Risk Adjusted Performance
of 0.0353. Compared with Fundamental Indicators
, Macroaxis technical analysis interface allows you to check existing technical drivers of Rio Novo 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 market data or the prices will eventually revert. We found nineteen technical drivers
for Rio Novo Gold which can be compared to its competitors. Please check Rio Novo Gold Variance
, Value At Risk
as well as the relationship
between Value At Risk and Skewness
to decide if Rio Novo Gold is priced some-what accurately providing market reflects its current price of 0.07 per share. Use Rio Novo Gold Inc (#B652FL8CA) 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 Rio Novo Gold Inc. You can use it to identify possible trend reversals for Rio Novo 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 Rio Novo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Rio Novo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rio Novo Gold Inc applied against its price change over selected period. The best fit line has a slop of 0.0006 %
which may suggest that Rio Novo Gold Inc market price will keep on failing further. It has 44 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Rio Novo price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Rio Novo || |
Rio Novo has a best fit line with a correlation coefficient of -0.46. and coefficient of determination of 0.21. Note, that the company has price-to-book ratio of 0.11.