Coda Octopus Stock Technical Analysis

CODA Stock  USD 8.20  0.08  0.99%   
As of the 27th of January, Coda Octopus shows the risk adjusted performance of 0.2606, and Mean Deviation of 1.59. Coda Octopus Group 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 break down nineteen technical drivers for Coda Octopus Group, which can be compared to its rivals. Please confirm Coda Octopus Group variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if Coda Octopus Group is priced correctly, providing market reflects its regular price of 8.2 per share. Given that Coda Octopus has jensen alpha of 0.3817, we suggest you to validate Coda Octopus Group's prevailing market performance to make sure the company can sustain itself at a future point.
  

Coda Octopus Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Coda Octopus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Coda Octopus
Coda Octopus' 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.
Coda Octopus 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 Coda Octopus technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Coda Octopus 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...

Coda Octopus Group Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Coda Octopus Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Coda Octopus Group Trend Analysis

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

Coda Octopus Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Coda Octopus Group applied against its price change over selected period. The best fit line has a slop of   0.031157  , which means Coda Octopus Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 36.71, which is the sum of squared deviations for the predicted Coda Octopus price change compared to its average price change.

About Coda Octopus 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 Coda Octopus Group 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 Coda Octopus Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Coda Octopus Group price pattern first instead of the macroeconomic environment surrounding Coda Octopus Group. By analyzing Coda Octopus'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 Coda Octopus'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 Coda Octopus specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2022 2023 (projected)
Long Term Debt to Equity0.0018410.0021170.002173
Interest Coverage39.9465.070.13

Coda Octopus January 27, 2023 Technical Indicators

Most technical analysis of Coda Octopus 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 Coda Octopus from various momentum indicators to cycle indicators. When you analyze Coda Octopus 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.

Coda Octopus January 27, 2023 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Coda Octopus stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Trending Equities. Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Coda Octopus Stock analysis

When running Coda Octopus Group price analysis, check to measure Coda Octopus' 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 Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
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Is Coda Octopus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda Octopus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.231
Market Capitalization
88.1 M
Quarterly Revenue Growth
0.076
Return On Assets
0.0636
Return On Equity
0.088
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda Octopus that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine Coda Octopus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.