Canadian Tire Stock Technical Analysis
| CDNTF Stock | USD 181.85 0.00 0.00% |
As of the 18th of April 2024, Canadian Tire shows the Mean Deviation of 0.9977, standard deviation of 2.65, and Risk Adjusted Performance of (0.05). Canadian Tire technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for twelve technical drivers for Canadian Tire, which can be compared to its peers. Please confirm Canadian Tire variance and value at risk to decide if Canadian Tire is priced correctly, providing market reflects its regular price of 181.85 per share. Given that Canadian Tire has total risk alpha of (0.42), we suggest you to validate Canadian Tire's prevailing market performance to make sure the company can sustain itself at a future point.
Canadian Tire Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanadianCanadian |
Canadian Tire technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Canadian Tire Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Canadian Tire volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canadian Tire Trend Analysis
Use this graph to draw trend lines for Canadian Tire. You can use it to identify possible trend reversals for Canadian Tire 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 Canadian Tire price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canadian Tire Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canadian Tire applied against its price change over selected period. The best fit line has a slop of 0.41 , which may suggest that Canadian Tire market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6238.08, which is the sum of squared deviations for the predicted Canadian Tire price change compared to its average price change.About Canadian Tire 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 Canadian Tire 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 Canadian Tire based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Tire price pattern first instead of the macroeconomic environment surrounding Canadian Tire. By analyzing Canadian Tire'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 Canadian Tire'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 Canadian Tire specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canadian Tire April 18, 2024 Technical Indicators
Most technical analysis of Canadian 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 Canadian from various momentum indicators to cycle indicators. When you analyze Canadian 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 | (0.05) | |||
| Market Risk Adjusted Performance | 22.06 | |||
| Mean Deviation | 0.9977 | |||
| Coefficient Of Variation | (1,197) | |||
| Standard Deviation | 2.65 | |||
| Variance | 7.03 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 22.05 | |||
| Maximum Drawdown | 20.33 | |||
| Value At Risk | (4.46) | |||
| Skewness | (0.23) | |||
| Kurtosis | 11.85 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Tire. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.
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