NetEase (Mexico) Technical Analysis
| NTESN Stock | MXN 1,616 8.81 0.55% |
As of the 4th of December, NetEase secures the Mean Deviation of 0.8775, risk adjusted performance of 0.0138, and Standard Deviation of 3.5. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NetEase, as well as the relationship between them. Please verify NetEase risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if NetEase is priced some-what accurately, providing market reflects its recent price of 1615.99 per share.
NetEase Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NetEase, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NetEaseNetEase |
NetEase 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.
NetEase 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 NetEase volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NetEase Trend Analysis
Use this graph to draw trend lines for NetEase. You can use it to identify possible trend reversals for NetEase 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 NetEase price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NetEase Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NetEase applied against its price change over selected period. The best fit line has a slop of 0.99 , which means NetEase will continue generating value for investors. It has 122 observation points and a regression sum of squares at 37096.26, which is the sum of squared deviations for the predicted NetEase price change compared to its average price change.About NetEase 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 NetEase 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 NetEase based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NetEase price pattern first instead of the macroeconomic environment surrounding NetEase. By analyzing NetEase'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 NetEase'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 NetEase specific price patterns or momentum indicators. Please read more on our technical analysis page.
NetEase December 4, 2024 Technical Indicators
Most technical analysis of NetEase 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 NetEase from various momentum indicators to cycle indicators. When you analyze NetEase 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 | 0.0138 | |||
| Market Risk Adjusted Performance | 0.0347 | |||
| Mean Deviation | 0.8775 | |||
| Coefficient Of Variation | 12680.86 | |||
| Standard Deviation | 3.5 | |||
| Variance | 12.25 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0247 | |||
| Maximum Drawdown | 36.53 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 0.5482 | |||
| Skewness | 3.82 | |||
| Kurtosis | 34.01 |
Additional Information and Resources on Investing in NetEase Stock
When determining whether NetEase is a strong investment it is important to analyze NetEase's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NetEase's future performance. For an informed investment choice regarding NetEase Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetEase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NetEase Stock, please use our How to Invest in NetEase guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.