Toromont Industries (Germany) Technical Analysis
| 14T Stock | EUR 71.00 1.00 1.39% |
As of the 3rd of December, Toromont Industries has the Risk Adjusted Performance of (0.06), variance of 3.54, and Coefficient Of Variation of (1,203). Toromont Industries technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. Please validate Toromont Industries treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Toromont Industries is priced more or less accurately, providing market reflects its prevalent price of 71.0 per share.
Toromont Industries Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Toromont, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ToromontToromont |
Toromont Industries 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.
Toromont Industries Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 Toromont Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Toromont Industries Trend Analysis
Use this graph to draw trend lines for Toromont Industries. You can use it to identify possible trend reversals for Toromont Industries 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 Toromont Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Toromont Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Toromont Industries applied against its price change over selected period. The best fit line has a slop of 0.23 , which may suggest that Toromont Industries market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1938.79, which is the sum of squared deviations for the predicted Toromont Industries price change compared to its average price change.About Toromont Industries 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 Toromont Industries 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 Toromont Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Toromont Industries price pattern first instead of the macroeconomic environment surrounding Toromont Industries. By analyzing Toromont Industries'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 Toromont Industries'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 Toromont Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
Toromont Industries December 3, 2024 Technical Indicators
Most technical analysis of Toromont 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 Toromont from various momentum indicators to cycle indicators. When you analyze Toromont 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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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (1.07) | |||
| Mean Deviation | 1.14 | |||
| Coefficient Of Variation | (1,203) | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.54 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.08) | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.86 | |||
| Skewness | (1.91) | |||
| Kurtosis | 13.01 |
Complementary Tools for Toromont Stock analysis
When running Toromont Industries' price analysis, check to measure Toromont Industries' 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 Toromont Industries is operating at the current time. Most of Toromont Industries' value examination focuses on studying past and present price action to predict the probability of Toromont Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toromont Industries' price. Additionally, you may evaluate how the addition of Toromont Industries to your portfolios can decrease your overall portfolio volatility.
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