Enlight Corp (Taiwan) Technical Analysis
| 2438 Stock | TWD 39.05 0.15 0.38% |
As of the 4th of December, Enlight Corp shows the Standard Deviation of 3.5, mean deviation of 2.49, and Variance of 12.25. Enlight Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Enlight Corp variance, treynor ratio, and the relationship between the standard deviation and information ratio to decide if Enlight Corp is priced favorably, providing market reflects its regular price of 39.05 per share.
Enlight 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 Enlight, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EnlightEnlight |
Enlight 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.
Enlight Corp Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 Enlight Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Enlight Corp Trend Analysis
Use this graph to draw trend lines for Enlight Corp. You can use it to identify possible trend reversals for Enlight 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 Enlight Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Enlight Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Enlight Corp applied against its price change over selected period. The best fit line has a slop of 0.13 , which may suggest that Enlight Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 643.48, which is the sum of squared deviations for the predicted Enlight Corp price change compared to its average price change.About Enlight 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 Enlight 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 Enlight Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Enlight Corp price pattern first instead of the macroeconomic environment surrounding Enlight Corp. By analyzing Enlight 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 Enlight 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 Enlight Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
Enlight Corp December 4, 2024 Technical Indicators
Most technical analysis of Enlight 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 Enlight from various momentum indicators to cycle indicators. When you analyze Enlight 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 | (0.13) | |||
| Market Risk Adjusted Performance | (0.53) | |||
| Mean Deviation | 2.49 | |||
| Coefficient Of Variation | (542.85) | |||
| Standard Deviation | 3.5 | |||
| Variance | 12.25 | |||
| Information Ratio | (0.22) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.54) | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 5.82 | |||
| Skewness | 0.2381 | |||
| Kurtosis | 1.47 |
Additional Tools for Enlight Stock Analysis
When running Enlight Corp's price analysis, check to measure Enlight 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 Enlight Corp is operating at the current time. Most of Enlight Corp's value examination focuses on studying past and present price action to predict the probability of Enlight 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 Enlight Corp's price. Additionally, you may evaluate how the addition of Enlight Corp to your portfolios can decrease your overall portfolio volatility.