Algoma Central Stock Technical Analysis
| AGMJF Stock | USD 10.75 0.00 0.00% |
As of the 21st of December, Algoma Central shows the mean deviation of 0.3221, and Risk Adjusted Performance of 0.0356. Algoma Central 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. Please confirm Algoma Central variance, as well as the relationship between the maximum drawdown and kurtosis to decide if Algoma Central is priced correctly, providing market reflects its regular price of 10.75 per share. Given that Algoma Central has total risk alpha of 0.0043, we suggest you to validate Algoma Central's prevailing market performance to make sure the company can sustain itself at a future point.
Algoma Central Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Algoma, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlgomaAlgoma |
Algoma Central technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Algoma Central Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Algoma Central volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Algoma Central Trend Analysis
Use this graph to draw trend lines for Algoma Central. You can use it to identify possible trend reversals for Algoma Central 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 Algoma Central price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Algoma Central Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Algoma Central applied against its price change over selected period. The best fit line has a slop of 0.0017 , which may suggest that Algoma Central market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.11, which is the sum of squared deviations for the predicted Algoma Central price change compared to its average price change.About Algoma Central 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 Algoma Central 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 Algoma Central based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Algoma Central price pattern first instead of the macroeconomic environment surrounding Algoma Central. By analyzing Algoma Central'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 Algoma Central'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 Algoma Central specific price patterns or momentum indicators. Please read more on our technical analysis page.
Algoma Central December 21, 2024 Technical Indicators
Most technical analysis of Algoma 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 Algoma from various momentum indicators to cycle indicators. When you analyze Algoma 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 | 0.0356 | |||
| Market Risk Adjusted Performance | 0.74 | |||
| Mean Deviation | 0.3221 | |||
| Coefficient Of Variation | 2356.02 | |||
| Standard Deviation | 0.9889 | |||
| Variance | 0.9779 | |||
| Information Ratio | 0.0099 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | 0.0043 | |||
| Treynor Ratio | 0.73 | |||
| Maximum Drawdown | 9.1 | |||
| Potential Upside | 1.42 | |||
| Skewness | (1.68) | |||
| Kurtosis | 17.31 |
Complementary Tools for Algoma Pink Sheet analysis
When running Algoma Central's price analysis, check to measure Algoma Central'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 Algoma Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |