Alx Uranium Corp Stock Technical Analysis
| AL Stock | CAD 0.03 0.00 0.00% |
As of the 12th of December 2024, ALX Uranium shows the mean deviation of 4.43, and Risk Adjusted Performance of 0.0844. ALX Uranium Corp 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 ALX Uranium Corp risk adjusted performance, standard deviation, as well as the relationship between the Standard Deviation and maximum drawdown to decide if ALX Uranium Corp is priced some-what accurately, providing market reflects its regular price of 0.03 per share.
ALX Uranium Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ALX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ALXALX |
ALX Uranium 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.
ALX Uranium 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 ALX Uranium Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ALX Uranium Corp Trend Analysis
Use this graph to draw trend lines for ALX Uranium Corp. You can use it to identify possible trend reversals for ALX Uranium 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 ALX Uranium price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ALX Uranium Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ALX Uranium Corp applied against its price change over selected period. The best fit line has a slop of 0.0002 , which means ALX Uranium Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted ALX Uranium price change compared to its average price change.About ALX Uranium 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 ALX Uranium 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 ALX Uranium Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ALX Uranium Corp price pattern first instead of the macroeconomic environment surrounding ALX Uranium Corp. By analyzing ALX Uranium'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 ALX Uranium'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 ALX Uranium specific price patterns or momentum indicators. Please read more on our technical analysis page.
ALX Uranium December 12, 2024 Technical Indicators
Most technical analysis of ALX 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 ALX from various momentum indicators to cycle indicators. When you analyze ALX 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 | 0.0844 | |||
| Market Risk Adjusted Performance | 1.53 | |||
| Mean Deviation | 4.43 | |||
| Coefficient Of Variation | 963.36 | |||
| Standard Deviation | 12.16 | |||
| Variance | 147.95 | |||
| Information Ratio | 0.0936 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 1.52 | |||
| Maximum Drawdown | 83.33 | |||
| Skewness | 2.33 | |||
| Kurtosis | 12.11 |
Additional Tools for ALX Stock Analysis
When running ALX Uranium's price analysis, check to measure ALX Uranium'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 ALX Uranium is operating at the current time. Most of ALX Uranium's value examination focuses on studying past and present price action to predict the probability of ALX Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALX Uranium's price. Additionally, you may evaluate how the addition of ALX Uranium to your portfolios can decrease your overall portfolio volatility.