Grid Metals Corp Stock Technical Analysis
| GRDM Stock | CAD 0.04 0.00 0.00% |
As of the 2nd of December, Grid Metals retains the Risk Adjusted Performance of 0.007, market risk adjusted performance of (0.13), and Standard Deviation of 8.47. Grid Metals technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Grid Metals Corp standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Grid Metals is priced fairly, providing market reflects its last-minute price of 0.035 per share.
Grid Metals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Grid, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GridGrid |
Grid Metals 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.
Grid Metals Corp 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 Grid Metals Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grid Metals Corp Trend Analysis
Use this graph to draw trend lines for Grid Metals Corp. You can use it to identify possible trend reversals for Grid Metals 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 Grid Metals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Grid Metals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Grid Metals Corp applied against its price change over selected period. The best fit line has a slop of 0.000058 , which means Grid Metals 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 Grid Metals price change compared to its average price change.About Grid Metals 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 Grid Metals 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 Grid Metals Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Grid Metals Corp price pattern first instead of the macroeconomic environment surrounding Grid Metals Corp. By analyzing Grid Metals'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 Grid Metals'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 Grid Metals specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | PB Ratio | 3.7 | 2.79 | 2.93 | Capex To Depreciation | 3.09 | 2.78 | 2.64 |
Grid Metals December 2, 2024 Technical Indicators
Most technical analysis of Grid 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 Grid from various momentum indicators to cycle indicators. When you analyze Grid 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 | 0.007 | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 4.56 | |||
| Coefficient Of Variation | (36,972) | |||
| Standard Deviation | 8.47 | |||
| Variance | 71.7 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 | |||
| Skewness | 0.0612 | |||
| Kurtosis | 1.78 |
Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid Metals' 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.