Evofem Biosciences Stock Technical Analysis
EVFMDelisted Stock | USD 0.05 0.0001 0.21% |
As of the 28th of March, Evofem Biosciences shows the Standard Deviation of 7.07, variance of 50.04, and Mean Deviation of 5.57. Evofem Biosciences technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 and collect data for thirteen technical drivers for Evofem Biosciences, which can be compared to its rivals. Please confirm Evofem Biosciences variance and potential upside to decide if Evofem Biosciences is priced favorably, providing market reflects its regular price of 0.0479 per share. As Evofem Biosciences appears to be a penny stock we also advise to verify its jensen alpha numbers.
Evofem Biosciences Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Evofem, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EvofemEvofem |
Evofem Biosciences 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, otc market cycles, or different charting patterns.
Evofem Biosciences Technical Analysis
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Evofem Biosciences Trend Analysis
Use this graph to draw trend lines for Evofem Biosciences. You can use it to identify possible trend reversals for Evofem Biosciences 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 Evofem Biosciences price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Evofem Biosciences Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Evofem Biosciences applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may suggest that Evofem Biosciences market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Evofem Biosciences price change compared to its average price change.About Evofem Biosciences 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 Evofem Biosciences 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 Evofem Biosciences based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Evofem Biosciences price pattern first instead of the macroeconomic environment surrounding Evofem Biosciences. By analyzing Evofem Biosciences'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 Evofem Biosciences'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 Evofem Biosciences specific price patterns or momentum indicators. Please read more on our technical analysis page.
Evofem Biosciences March 28, 2024 Technical Indicators
Most technical analysis of Evofem 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 Evofem from various momentum indicators to cycle indicators. When you analyze Evofem 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 | (0.05) | |||
Market Risk Adjusted Performance | (0.99) | |||
Mean Deviation | 5.57 | |||
Coefficient Of Variation | (899.24) | |||
Standard Deviation | 7.07 | |||
Variance | 50.04 | |||
Information Ratio | (0.13) | |||
Jensen Alpha | (0.90) | |||
Total Risk Alpha | (2.38) | |||
Treynor Ratio | (1.00) | |||
Maximum Drawdown | 37.48 | |||
Value At Risk | (9.43) | |||
Potential Upside | 10.42 | |||
Skewness | 0.4043 | |||
Kurtosis | 0.4752 |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Evofem Biosciences information on this page should be used as a complementary analysis to other Evofem Biosciences' 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 the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Evofem OTC Stock
If you are still planning to invest in Evofem Biosciences 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 Evofem Biosciences' history and understand the potential risks before investing.
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