Asiabest Group (Philippines) Technical Analysis

ABG Stock   4.48  0.00  0.00%   
As of the 19th of April, Asiabest Group shows the Risk Adjusted Performance of 0.0715, mean deviation of 6.27, and Downside Deviation of 7.19. Asiabest Group Inter 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 interpolate data for nineteen technical drivers for Asiabest Group International, which can be compared to its peers. Please confirm Asiabest Group Inter coefficient of variation, jensen alpha, potential upside, as well as the relationship between the variance and maximum drawdown to decide if Asiabest Group Inter is priced correctly, providing market reflects its regular price of 4.48 per share.

Asiabest Group Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Asiabest, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Asiabest
  
Asiabest Group's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Asiabest Group 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.
A focus of Asiabest Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Asiabest Group 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...

Asiabest Group Inter Technical Analysis

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Asiabest Group Inter Trend Analysis

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

Asiabest Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Asiabest Group International applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Asiabest Group International will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.65, which is the sum of squared deviations for the predicted Asiabest Group price change compared to its average price change.

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

Asiabest Group April 19, 2024 Technical Indicators

Most technical analysis of Asiabest 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 Asiabest from various momentum indicators to cycle indicators. When you analyze Asiabest 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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Asiabest Stock analysis

When running Asiabest Group's price analysis, check to measure Asiabest Group'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 Asiabest Group is operating at the current time. Most of Asiabest Group's value examination focuses on studying past and present price action to predict the probability of Asiabest Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asiabest Group's price. Additionally, you may evaluate how the addition of Asiabest Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Asiabest Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asiabest Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asiabest Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.