Ren Redes (Germany) Technical Analysis
RN4 Stock | EUR 2.16 0.01 0.46% |
As of the 23rd of April, Ren Redes holds the Risk Adjusted Performance of (0.02), variance of 0.941, and Coefficient Of Variation of (2,503). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ren Redes, as well as the relationship between them. Put it differently, 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 were able to interpolate thirteen technical drivers for Ren Redes Energeticas, which can be compared to its competitors. Please check Ren Redes Energeticas mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Ren Redes Energeticas is priced some-what accurately, providing market reflects its current price of 2.2 per share.
Ren Redes Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ren, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RenRen |
Ren Redes 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.
Ren Redes Energeticas Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Ren Redes Energeticas volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ren Redes Energeticas Trend Analysis
Use this graph to draw trend lines for Ren Redes Energeticas. You can use it to identify possible trend reversals for Ren Redes 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 Ren Redes price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ren Redes Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ren Redes Energeticas applied against its price change over selected period. The best fit line has a slop of 0.0008 , which may suggest that Ren Redes Energeticas market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Ren Redes price change compared to its average price change.About Ren Redes 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 Ren Redes Energeticas 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 Ren Redes Energeticas based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ren Redes Energeticas price pattern first instead of the macroeconomic environment surrounding Ren Redes Energeticas. By analyzing Ren Redes'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 Ren Redes'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 Ren Redes specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ren Redes April 23, 2024 Technical Indicators
Most technical analysis of Ren 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 Ren from various momentum indicators to cycle indicators. When you analyze Ren 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 | (0.02) | |||
Market Risk Adjusted Performance | (0.21) | |||
Mean Deviation | 0.7587 | |||
Coefficient Of Variation | (2,503) | |||
Standard Deviation | 0.97 | |||
Variance | 0.941 | |||
Information Ratio | (0.13) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.17) | |||
Treynor Ratio | (0.22) | |||
Maximum Drawdown | 3.65 | |||
Value At Risk | (1.77) | |||
Potential Upside | 1.42 | |||
Skewness | 0.1317 | |||
Kurtosis | (0.38) |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ren Redes Energeticas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Ren Stock analysis
When running Ren Redes' price analysis, check to measure Ren Redes' 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 Ren Redes is operating at the current time. Most of Ren Redes' value examination focuses on studying past and present price action to predict the probability of Ren Redes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ren Redes' price. Additionally, you may evaluate how the addition of Ren Redes to your portfolios can decrease your overall portfolio volatility.
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