Royal Bank of Canada holds Coefficient Of Variation of 92.05 and Risk Adjusted Performance of 0.2962. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Royal Bank 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 Royal Bank of which can be compared to its competitors. Please check Royal Bank of Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Royal Bank of is priced some-what accurately providing market reflects its current price of 101.58 per share.
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Royal Bank of Trend AnalysisUse this graph to draw trend lines for Royal Bank of Canada. You can use it to identify possible trend reversals for Royal Bank 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 Royal Bank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Royal Bank Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Royal Bank of Canada applied against its price change over selected period. The best fit line has a slop of 0.31 % which means Royal Bank of Canada will continue generating value for investors. It has 34 observation points and a regression sum of squares at 77.0, which is the sum of squared deviations for the predicted Royal Bank price change compared to its average price change.
Royal Bank of Canada is rated below average in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about 1.2 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Royal Bank of Canada is roughly 1.2