Indstrias Romi (Brazil) Technical Analysis
| ROMI3 Stock | BRL 10.35 0.12 1.15% |
As of the 2nd of June, Indstrias Romi retains the Market Risk Adjusted Performance of (0.47), risk adjusted performance of (0.07), and Standard Deviation of 1.78. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Indstrias Romi SA, as well as the relationship between them. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Indstrias Romi SA, which can be compared to its competitors. Please check out Indstrias Romi SA standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Indstrias Romi is priced fairly, providing market reflects its last-minute price of 10.35 per share.
Indstrias Romi Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Indstrias, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IndstriasIndstrias |
Indstrias Romi 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.
Indstrias Romi SA 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 Indstrias Romi SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Indstrias Romi SA Trend Analysis
Use this graph to draw trend lines for Indstrias Romi SA. You can use it to identify possible trend reversals for Indstrias Romi 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 Indstrias Romi price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Indstrias Romi Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Indstrias Romi SA applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that Indstrias Romi SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 74.62, which is the sum of squared deviations for the predicted Indstrias Romi price change compared to its average price change.About Indstrias Romi 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 Indstrias Romi SA 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 Indstrias Romi SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Indstrias Romi SA price pattern first instead of the macroeconomic environment surrounding Indstrias Romi SA. By analyzing Indstrias Romi'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 Indstrias Romi'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 Indstrias Romi specific price patterns or momentum indicators. Please read more on our technical analysis page.
Indstrias Romi June 2, 2024 Technical Indicators
Most technical analysis of Indstrias 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 Indstrias from various momentum indicators to cycle indicators. When you analyze Indstrias 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 | (0.07) | |||
| Market Risk Adjusted Performance | (0.47) | |||
| Mean Deviation | 1.24 | |||
| Coefficient Of Variation | (792.10) | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.16 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.48) | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.27 | |||
| Skewness | (0.02) | |||
| Kurtosis | 4.95 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Indstrias Romi SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Indstrias Romi SA information on this page should be used as a complementary analysis to other Indstrias Romi's 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.
Complementary Tools for Indstrias Stock analysis
When running Indstrias Romi's price analysis, check to measure Indstrias Romi'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 Indstrias Romi is operating at the current time. Most of Indstrias Romi's value examination focuses on studying past and present price action to predict the probability of Indstrias Romi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indstrias Romi's price. Additionally, you may evaluate how the addition of Indstrias Romi to your portfolios can decrease your overall portfolio volatility.
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