Petrochemical (Israel) Technical Analysis
| PTCH Stock | ILS 287.20 15.20 5.59% |
As of the 19th of April, Petrochemical holds the Risk Adjusted Performance of 0.0068, coefficient of variation of (147,157), and Variance of 4.89. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petrochemical, as well as the relationship between them. Put it differently, 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 were able to interpolate thirteen technical drivers for Petrochemical, which can be compared to its competitors. Please check Petrochemical mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Petrochemical is priced some-what accurately, providing market reflects its current price of 287.2 per share.
Petrochemical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petrochemical, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PetrochemicalPetrochemical |
Petrochemical 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.
Petrochemical Technical Analysis
The output start index for this execution was fifty 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 Petrochemical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Petrochemical Trend Analysis
Use this graph to draw trend lines for Petrochemical. You can use it to identify possible trend reversals for Petrochemical 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 Petrochemical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Petrochemical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Petrochemical applied against its price change over selected period. The best fit line has a slop of 0.16 , which means Petrochemical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 944.66, which is the sum of squared deviations for the predicted Petrochemical price change compared to its average price change.About Petrochemical 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 Petrochemical 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 Petrochemical based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petrochemical price pattern first instead of the macroeconomic environment surrounding Petrochemical. By analyzing Petrochemical'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 Petrochemical'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 Petrochemical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Petrochemical April 19, 2024 Technical Indicators
Most technical analysis of Petrochemical 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 Petrochemical from various momentum indicators to cycle indicators. When you analyze Petrochemical 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 Performance | 0.0068 | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 1.68 | |||
| Coefficient Of Variation | (147,157) | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.89 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.1 | |||
| Skewness | (0.12) | |||
| Kurtosis | 0.1711 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petrochemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Petrochemical Stock analysis
When running Petrochemical's price analysis, check to measure Petrochemical'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 Petrochemical is operating at the current time. Most of Petrochemical's value examination focuses on studying past and present price action to predict the probability of Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrochemical's price. Additionally, you may evaluate how the addition of Petrochemical to your portfolios can decrease your overall portfolio volatility.
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