Ritek Corp (Taiwan) Technical Analysis
| 2349 Stock | TWD 15.00 0.10 0.66% |
As of the 3rd of December, Ritek Corp holds the Coefficient Of Variation of (6,080), risk adjusted performance of (0.01), and Variance of 7.74. Ritek Corp technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. Please check Ritek Corp information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Ritek Corp is priced some-what accurately, providing market reflects its current price of 15.0 per share.
Ritek Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ritek, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RitekRitek |
Ritek Corp 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.
Ritek Corp 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 Ritek Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ritek Corp Trend Analysis
Use this graph to draw trend lines for Ritek Corp. You can use it to identify possible trend reversals for Ritek Corp 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 Ritek Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ritek Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ritek Corp applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Ritek Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.0, which is the sum of squared deviations for the predicted Ritek Corp price change compared to its average price change.About Ritek Corp 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 Ritek Corp 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 Ritek Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ritek Corp price pattern first instead of the macroeconomic environment surrounding Ritek Corp. By analyzing Ritek Corp'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 Ritek Corp'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 Ritek Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ritek Corp December 3, 2024 Technical Indicators
Most technical analysis of Ritek 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 Ritek from various momentum indicators to cycle indicators. When you analyze Ritek 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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| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 1.68 | |||
| Mean Deviation | 1.74 | |||
| Coefficient Of Variation | (6,080) | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.74 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.67 | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 5.59 | |||
| Skewness | 2.21 | |||
| Kurtosis | 6.17 |
Additional Tools for Ritek Stock Analysis
When running Ritek Corp's price analysis, check to measure Ritek Corp'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 Ritek Corp is operating at the current time. Most of Ritek Corp's value examination focuses on studying past and present price action to predict the probability of Ritek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritek Corp's price. Additionally, you may evaluate how the addition of Ritek Corp to your portfolios can decrease your overall portfolio volatility.