Chembio Diagnostics Stock Technical Analysis
CEMIDelisted Stock | USD 0.46 0.01 2.22% |
As of the 28th of March, Chembio Diagnostics shows the risk adjusted performance of 0.0701, and Mean Deviation of 2.55. Chembio Diagnostics 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 have collected data for nineteen technical drivers for Chembio Diagnostics, which can be compared to its rivals. Please confirm Chembio Diagnostics coefficient of variation and the relationship between the jensen alpha and skewness to decide if Chembio Diagnostics is priced correctly, providing market reflects its regular price of 0.46 per share. As Chembio Diagnostics is a penny stock we also strongly suggest to validate its total risk alpha numbers.
Chembio Diagnostics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Chembio, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ChembioChembio |
Chembio Diagnostics 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, delisted stock market cycles, or different charting patterns.
Chembio Diagnostics Technical Analysis
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Chembio Diagnostics Trend Analysis
Use this graph to draw trend lines for Chembio Diagnostics. You can use it to identify possible trend reversals for Chembio Diagnostics 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 Chembio Diagnostics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Chembio Diagnostics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Chembio Diagnostics applied against its price change over selected period. The best fit line has a slop of 0.000082 , which means Chembio Diagnostics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Chembio Diagnostics price change compared to its average price change.About Chembio Diagnostics 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 Chembio Diagnostics 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 Chembio Diagnostics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Chembio Diagnostics price pattern first instead of the macroeconomic environment surrounding Chembio Diagnostics. By analyzing Chembio Diagnostics'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 Chembio Diagnostics'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 Chembio Diagnostics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Chembio Diagnostics March 28, 2024 Technical Indicators
Most technical analysis of Chembio 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 Chembio from various momentum indicators to cycle indicators. When you analyze Chembio 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 | 0.0701 | |||
Market Risk Adjusted Performance | 0.9179 | |||
Mean Deviation | 2.55 | |||
Semi Deviation | 3.47 | |||
Downside Deviation | 7.6 | |||
Coefficient Of Variation | 907.1 | |||
Standard Deviation | 4.76 | |||
Variance | 22.66 | |||
Information Ratio | 0.082 | |||
Jensen Alpha | 0.4443 | |||
Total Risk Alpha | (0.55) | |||
Sortino Ratio | 0.0514 | |||
Treynor Ratio | 0.9079 | |||
Maximum Drawdown | 37.61 | |||
Value At Risk | (4.44) | |||
Potential Upside | 6.06 | |||
Downside Variance | 57.7 | |||
Semi Variance | 12.01 | |||
Expected Short fall | (4.96) | |||
Skewness | 0.697 | |||
Kurtosis | 8.77 |
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 population. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Other Consideration for investing in Chembio Stock
If you are still planning to invest in Chembio Diagnostics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Chembio Diagnostics' history and understand the potential risks before investing.
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