CITIC Metal (China) Technical Analysis
| 601061 Stock | 7.88 0.09 1.16% |
As of the 2nd of December, CITIC Metal shows the mean deviation of 1.45, and Risk Adjusted Performance of 0.0865. CITIC Metal technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
CITIC Metal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CITIC, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CITICCITIC |
CITIC Metal 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.
CITIC Metal Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 CITIC Metal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
CITIC Metal Trend Analysis
Use this graph to draw trend lines for CITIC Metal Co. You can use it to identify possible trend reversals for CITIC Metal 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 CITIC Metal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CITIC Metal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CITIC Metal Co applied against its price change over selected period. The best fit line has a slop of 0.02 , which means CITIC Metal Co will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22.93, which is the sum of squared deviations for the predicted CITIC Metal price change compared to its average price change.About CITIC Metal 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 CITIC Metal Co 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 CITIC Metal Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CITIC Metal price pattern first instead of the macroeconomic environment surrounding CITIC Metal. By analyzing CITIC Metal'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 CITIC Metal'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 CITIC Metal specific price patterns or momentum indicators. Please read more on our technical analysis page.
CITIC Metal December 2, 2024 Technical Indicators
Most technical analysis of CITIC 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 CITIC from various momentum indicators to cycle indicators. When you analyze CITIC 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 | 0.0865 | |||
| Market Risk Adjusted Performance | (0.78) | |||
| Mean Deviation | 1.45 | |||
| Semi Deviation | 1.92 | |||
| Downside Deviation | 2.18 | |||
| Coefficient Of Variation | 955.29 | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.58 | |||
| Information Ratio | 0.0404 | |||
| Jensen Alpha | 0.2486 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0396 | |||
| Treynor Ratio | (0.79) | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.63 | |||
| Downside Variance | 4.77 | |||
| Semi Variance | 3.7 | |||
| Expected Short fall | (1.58) | |||
| Skewness | (0.40) | |||
| Kurtosis | 5.41 |
Complementary Tools for CITIC Stock analysis
When running CITIC Metal's price analysis, check to measure CITIC Metal'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 CITIC Metal is operating at the current time. Most of CITIC Metal's value examination focuses on studying past and present price action to predict the probability of CITIC Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CITIC Metal's price. Additionally, you may evaluate how the addition of CITIC Metal to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |