Goldcorp retains Downside Deviation of 1.76, Market Risk Adjusted Performance of 0.19 and Risk Adjusted Performance of 0.0125. Goldcorp technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Goldcorp which can be compared to its competitors. Please check out GoldcorpTreynor Ratio, and the relationship between Variance and Potential Upside to decide if Goldcorp is priced fairly providing market reflects its last-minute price of 13.61 per share. Given that Goldcorp has Jensen Alpha of 0.0114, we strongly advise you confirm Goldcorp regular market performance to make sure the company can sustain itself at future point.
The output start index for this execution was six with a total number of output elements of eleven. 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 Goldcorp volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Goldcorp Trend Analysis
Use this graph to draw trend lines for Goldcorp. You can use it to identify possible trend reversals for Goldcorp 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 Goldcorp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Goldcorp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Goldcorp applied against its price change over selected period. The best fit line has a slop of 0.02 % which may indicate that the price for Goldcorp will continue to decline. It has 34 observation points and a regression sum of squares at 0.32, which is the sum of squared deviations for the predicted Goldcorp price change compared to its average price change.
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Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios