As of 21 of August Rio Tinto holds Risk Adjusted Performance of (0.26) and Coefficient Of Variation of (343.05). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Rio Tinto 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 Rio Tinto Plc which can be compared to its competitors. Please check Rio Tinto PlcVariance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Rio Tinto Plc is priced some-what accurately providing market reflects its current price of 48.82 per share. Given that Rio Tinto has Jensen Alpha of (0.45), we recommend you check out Rio Tinto Plc recent market performance to make sure the company can sustain itself at future point.
The output start index for this execution was twelve with a total number of output elements of twenty-seven. 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 Rio Tinto Plc 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.
Rio Tinto Plc Trend Analysis
Use this graph to draw trend lines for Rio Tinto Plc. You can use it to identify possible trend reversals for Rio Tinto 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 Rio Tinto price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Rio Tinto Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Rio Tinto Plc applied against its price change over selected period. The best fit line has a slop of 0.44 % which may imply that the returns on investment in Rio Tinto Plc will continue to fail. It has 78 observation points and a regression sum of squares at 1949.21, which is the sum of squared deviations for the predicted Rio Tinto price change compared to its average price change.