This firm's average rating is Buy from 2 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Evogene market sentiment investors' perception of the future value of Evogene. Let us look at a few aspects of Evogene technical analysis.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Evogene. In general, sophisticated investors focus on analyzing Evogene stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Evogene's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Evogene's intrinsic value. In addition to deriving basic predictive indicators for Evogene, many experienced traders also check how macroeconomic factors affect Evogene price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Evogene's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Evogene. Your research has to be compared to or analyzed against Evogene's peers to derive any actionable benefits. When done correctly, Evogene's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Evogene.
Watch out for price decline
Please consider monitoring Evogene on a daily basis if you are holding a position in it. Evogene is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as Evogene stock to be traded above the $1 level to remain listed. If Evogene stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How does Evogene Stands against Peers?
Analyzing Evogene competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Evogene across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Evogene Competition DetailsCloser look at Evogene Mean Deviation
Evogene has current Mean Deviation of 5.56. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.
Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.
Mean Deviation | = | SUM(RET DEV) N |
| = | 5.56 |
SUM | = | Summation notation |
RET DEV | = | Sum of return deviations of Evogene |
N | = | Number of calculation points for selected time horizon |
Let's now compare Evogene Mean Deviation to its closest peers:
| EVGN | 5.5623564738292 |
| EQ | 22.57 |
| NK | 4.68 |
| DMAC | 2.72 |
| DNLI | 3.27 |
Will Evogene growth be viable after the rise?
Latest maximum drawdown is at 52.93. Evogene is displaying above-average volatility over the selected time horizon. Investors should scrutinize Evogene independently to ensure intended market timing strategies are aligned with expectations about Evogene volatility.
Our Final Take On Evogene
Whereas some firms within the biotechnology industry are still a little expensive, even after the recent corrections, Evogene may offer a potential longer-term growth to institutional investors. The inconsistency in the assessment between current Evogene valuation and our trade advice on Evogene is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Evogene.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Evogene. Please refer to our
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