Element Global Stock Technical Analysis
| ELGL Stock | USD 0.0001 0.00 0.00% |
As of the 18th of April 2024, Element Global shows the Variance of 150.0, standard deviation of 12.25, and Mean Deviation of 2.97. Element Global technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 analyze and collect data for eleven technical drivers for Element Global, which can be compared to its peers. Please confirm Element Global mean deviation, total risk alpha, as well as the relationship between the Total Risk Alpha and kurtosis to decide if Element Global is priced favorably, providing market reflects its regular price of 1.0E-4 per share. As Element Global appears to be a penny stock we also advise to verify its information ratio numbers.
Element Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Element, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElementElement |
Element Global 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.
Element Global Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Element Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Element Global Trend Analysis
Use this graph to draw trend lines for Element Global. You can use it to identify possible trend reversals for Element Global 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 Element Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Element Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Element Global applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that Element Global market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Element Global price change compared to its average price change.About Element Global 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 Element Global 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 Element Global based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Element Global price pattern first instead of the macroeconomic environment surrounding Element Global. By analyzing Element Global'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 Element Global'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 Element Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Element Global April 18, 2024 Technical Indicators
Most technical analysis of Element 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 Element from various momentum indicators to cycle indicators. When you analyze Element 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.49) | |||
| Mean Deviation | 2.97 | |||
| Coefficient Of Variation | (812.40) | |||
| Standard Deviation | 12.25 | |||
| Variance | 150.0 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (1.66) | |||
| Total Risk Alpha | (2.40) | |||
| Treynor Ratio | (0.50) | |||
| Maximum Drawdown | 99.5 | |||
| Skewness | (8.12) | |||
| Kurtosis | 66.0 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Element Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy Element Stock please use our How to buy in Element Stock guide.Note that the Element Global information on this page should be used as a complementary analysis to other Element Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Element Stock analysis
When running Element Global's price analysis, check to measure Element Global'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 Element Global is operating at the current time. Most of Element Global's value examination focuses on studying past and present price action to predict the probability of Element Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Element Global's price. Additionally, you may evaluate how the addition of Element Global to your portfolios can decrease your overall portfolio volatility.
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Is Element Global'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 Element Global. If investors know Element 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 Element Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.004 | Revenue Per Share 0.016 | Quarterly Revenue Growth (0.94) | Return On Assets 0.2474 | Return On Equity 0.4989 |
The market value of Element Global is measured differently than its book value, which is the value of Element that is recorded on the company's balance sheet. Investors also form their own opinion of Element Global's value that differs from its market value or its book value, called intrinsic value, which is Element Global'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 Element Global's market value can be influenced by many factors that don't directly affect Element Global'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 Element Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Element Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Element Global'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.