Nexgenrx Stock Technical Analysis
| NXG Stock | CAD 0.20 0.04 16.67% |
As of the 19th of April, NexgenRX secures the Standard Deviation of 5.14, risk adjusted performance of 0.0071, and Mean Deviation of 2.13. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NexgenRX, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for NexgenRX, which can be compared to its peers in the industry. Please verify NexgenRX standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if NexgenRX is priced some-what accurately, providing market reflects its recent price of 0.2 per share.
NexgenRX Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NexgenRX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexgenRXNexgenRX |
NexgenRX 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.
NexgenRX Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. 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 NexgenRX volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NexgenRX Trend Analysis
Use this graph to draw trend lines for NexgenRX. You can use it to identify possible trend reversals for NexgenRX 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 NexgenRX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NexgenRX Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NexgenRX applied against its price change over selected period. The best fit line has a slop of 0.0003 , which may suggest that NexgenRX market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted NexgenRX price change compared to its average price change.About NexgenRX 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 NexgenRX 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 NexgenRX based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NexgenRX price pattern first instead of the macroeconomic environment surrounding NexgenRX. By analyzing NexgenRX'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 NexgenRX'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 NexgenRX specific price patterns or momentum indicators. Please read more on our technical analysis page.
NexgenRX April 19, 2024 Technical Indicators
Most technical analysis of NexgenRX 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 NexgenRX from various momentum indicators to cycle indicators. When you analyze NexgenRX 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 | 0.0071 | |||
| Market Risk Adjusted Performance | 0.067 | |||
| Mean Deviation | 2.13 | |||
| Coefficient Of Variation | (37,135) | |||
| Standard Deviation | 5.14 | |||
| Variance | 26.38 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 6.0E-4 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.057 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 13.64 | |||
| Skewness | 0.1201 | |||
| Kurtosis | 4.34 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexgenRX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for NexgenRX Stock analysis
When running NexgenRX's price analysis, check to measure NexgenRX'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 NexgenRX is operating at the current time. Most of NexgenRX's value examination focuses on studying past and present price action to predict the probability of NexgenRX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexgenRX's price. Additionally, you may evaluate how the addition of NexgenRX to your portfolios can decrease your overall portfolio volatility.
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