Cannara Biotech Stock Technical Analysis
| LOVE Stock | CAD 0.87 0.01 1.16% |
As of the 19th of April, Cannara Biotech shows the Risk Adjusted Performance of 0.0409, mean deviation of 2.68, and Downside Deviation of 3.73. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Cannara Biotech, as well as the relationship between them. 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 and analyze data for nineteen technical drivers for Cannara Biotech, which can be compared to its peers. Please confirm Cannara Biotech jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Cannara Biotech is priced correctly, providing market reflects its regular price of 0.87 per share.
Cannara Biotech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cannara, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CannaraCannara |
Cannara Biotech 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.
Cannara Biotech Technical Analysis
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 Cannara Biotech volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cannara Biotech Trend Analysis
Use this graph to draw trend lines for Cannara Biotech. You can use it to identify possible trend reversals for Cannara Biotech 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 Cannara Biotech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cannara Biotech Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cannara Biotech applied against its price change over selected period. The best fit line has a slop of 0.00000582 , which means Cannara Biotech 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 Cannara Biotech price change compared to its average price change.About Cannara Biotech 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 Cannara Biotech 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 Cannara Biotech based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cannara Biotech price pattern first instead of the macroeconomic environment surrounding Cannara Biotech. By analyzing Cannara Biotech'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 Cannara Biotech'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 Cannara Biotech specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 5.04E-4 | 4.48E-4 | Price To Sales Ratio | 1.79 | 1.7 |
Cannara Biotech April 19, 2024 Technical Indicators
Most technical analysis of Cannara 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 Cannara from various momentum indicators to cycle indicators. When you analyze Cannara 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0409 | |||
| Market Risk Adjusted Performance | 13.6 | |||
| Mean Deviation | 2.68 | |||
| Semi Deviation | 2.99 | |||
| Downside Deviation | 3.73 | |||
| Coefficient Of Variation | 1899.01 | |||
| Standard Deviation | 3.65 | |||
| Variance | 13.31 | |||
| Information Ratio | 0.0339 | |||
| Jensen Alpha | 0.1813 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 13.59 | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 7.78 | |||
| Downside Variance | 13.93 | |||
| Semi Variance | 8.96 | |||
| Expected Short fall | (3.47) | |||
| Skewness | 0.39 | |||
| Kurtosis | 0.6609 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cannara Biotech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Cannara Stock analysis
When running Cannara Biotech's price analysis, check to measure Cannara Biotech'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 Cannara Biotech is operating at the current time. Most of Cannara Biotech's value examination focuses on studying past and present price action to predict the probability of Cannara Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannara Biotech's price. Additionally, you may evaluate how the addition of Cannara Biotech to your portfolios can decrease your overall portfolio volatility.
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