Cnova Technical Analysis

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CNVAF -- USA Stock  

USD 3.48  0.0034  0.1%

As of the 14th of July 2020, Cnova NV shows the mean deviation of 1.02, and risk adjusted performance of 0.3215. Cnova NV 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 analyze nineteen technical drivers for Cnova NV, which can be compared to its rivals. Please confirm Cnova NV maximum drawdown, and the relationship between the information ratio and downside variance to decide if Cnova NV is priced correctly, providing market reflects its regular price of 3.48 per share. Given that Cnova NV has jensen alpha of 0.4382, we suggest you to validate Cnova NV's prevailing market performance to make sure the company can sustain itself at a future point.

Search Technical Analysis

Cnova NV technical otc 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.
A focus of Cnova NV technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cnova NV trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Cnova NV Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Cnova NV volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Cnova NV Trend Analysis

Use this graph to draw trend lines for Cnova NV. You can use it to identify possible trend reversals for Cnova NV 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 Cnova NV price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Cnova NV Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Cnova NV applied against its price change over selected period. The best fit line has a slop of   0.011462  , which means Cnova NV will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4.97, which is the sum of squared deviations for the predicted Cnova NV price change compared to its average price change.

About Cnova NV 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 Cnova NV 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 Cnova NV based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cnova NV stock first instead of the macroeconomic environment surrounding Cnova NV . By analyzing Cnova NV'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 Cnova NV'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 Cnova NV specific price patterns or momentum indicators. Please read more on our technical analysis page.

Cnova NV July 14, 2020 Technical Indicators

Most technical analysis of Cnova stock 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 Cnova from various momentum indicators to cycle indicators. When you analyze Cnova 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 Performance0.3215
Market Risk Adjusted Performance(1.51)
Mean Deviation1.02
Coefficient Of Variation565.22
Standard Deviation2.32
Information Ratio0.1115
Jensen Alpha0.4382
Total Risk Alpha0.2182
Treynor Ratio(1.52)
Maximum Drawdown18.19
Potential Upside7.26
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