Optimax Technology (Taiwan) Technical Analysis
| 3051 Stock | TWD 31.15 0.15 0.48% |
As of the 1st of December, Optimax Technology holds the Coefficient Of Variation of 1805.55, semi deviation of 1.82, and Risk Adjusted Performance of 0.0489. Optimax Technology 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 Optimax Technology Corp standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Optimax Technology Corp is priced some-what accurately, providing market reflects its current price of 31.15 per share.
Optimax Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Optimax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OptimaxOptimax |
Optimax Technology 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.
Optimax Technology Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Optimax Technology Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Optimax Technology Corp Trend Analysis
Use this graph to draw trend lines for Optimax Technology Corp. You can use it to identify possible trend reversals for Optimax Technology 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 Optimax Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Optimax Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Optimax Technology Corp applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Optimax Technology Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 64.42, which is the sum of squared deviations for the predicted Optimax Technology price change compared to its average price change.About Optimax Technology 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 Optimax Technology 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 Optimax Technology Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Optimax Technology Corp price pattern first instead of the macroeconomic environment surrounding Optimax Technology Corp. By analyzing Optimax Technology'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 Optimax Technology'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 Optimax Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
Optimax Technology December 1, 2024 Technical Indicators
Most technical analysis of Optimax 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 Optimax from various momentum indicators to cycle indicators. When you analyze Optimax 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0489 | |||
| Market Risk Adjusted Performance | 0.6758 | |||
| Mean Deviation | 1.57 | |||
| Semi Deviation | 1.82 | |||
| Downside Deviation | 2.11 | |||
| Coefficient Of Variation | 1805.55 | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.81 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0902 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6658 | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.84 | |||
| Downside Variance | 4.47 | |||
| Semi Variance | 3.32 | |||
| Expected Short fall | (1.85) | |||
| Skewness | 0.5061 | |||
| Kurtosis | 1.52 |
Additional Tools for Optimax Stock Analysis
When running Optimax Technology's price analysis, check to measure Optimax Technology'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 Optimax Technology is operating at the current time. Most of Optimax Technology's value examination focuses on studying past and present price action to predict the probability of Optimax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optimax Technology's price. Additionally, you may evaluate how the addition of Optimax Technology to your portfolios can decrease your overall portfolio volatility.