Tencent Music Entertainment Stock Technical Analysis
| TME Stock | USD 11.41 0.10 0.87% |
As of the 30th of November, Tencent Music has the Coefficient Of Variation of 1509.19, risk adjusted performance of 0.0585, and Semi Deviation of 2.27. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tencent Music Entert, as well as the relationship between them. Please validate Tencent Music Entert variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Tencent Music is priced more or less accurately, providing market reflects its prevalent price of 11.41 per share. Given that Tencent Music Entert has jensen alpha of 0.1352, we advise you to double-check Tencent Music Entertainment's current market performance to make sure the company can sustain itself at a future point.
Tencent Music Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tencent, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TencentTencent |
Tencent Music Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 8.65 | Strong Buy | 29 | Odds |
Most Tencent analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Tencent stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Tencent Music Entert, talking to its executives and customers, or listening to Tencent conference calls.
Tencent Music 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.
Tencent Music Entert Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-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 Tencent Music Entert volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tencent Music Entert Trend Analysis
Use this graph to draw trend lines for Tencent Music Entertainment. You can use it to identify possible trend reversals for Tencent Music 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 Tencent Music price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tencent Music Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tencent Music Entertainment applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that Tencent Music Entertainment will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 8.63, which is the sum of squared deviations for the predicted Tencent Music price change compared to its average price change.About Tencent Music 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 Tencent Music Entertainment 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 Tencent Music Entertainment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tencent Music Entert price pattern first instead of the macroeconomic environment surrounding Tencent Music Entert. By analyzing Tencent Music'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 Tencent Music'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 Tencent Music specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 8.09E-4 | 7.28E-4 | 4.8E-4 | Price To Sales Ratio | 3.23 | 3.66 | 3.47 |
Tencent Music November 30, 2024 Technical Indicators
Most technical analysis of Tencent 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 Tencent from various momentum indicators to cycle indicators. When you analyze Tencent 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 | 0.0585 | |||
| Market Risk Adjusted Performance | 0.3411 | |||
| Mean Deviation | 2.37 | |||
| Semi Deviation | 2.27 | |||
| Downside Deviation | 2.48 | |||
| Coefficient Of Variation | 1509.19 | |||
| Standard Deviation | 3.47 | |||
| Variance | 12.05 | |||
| Information Ratio | 0.0266 | |||
| Jensen Alpha | 0.1352 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.3311 | |||
| Maximum Drawdown | 21.86 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.81 | |||
| Downside Variance | 6.14 | |||
| Semi Variance | 5.13 | |||
| Expected Short fall | (3.02) | |||
| Skewness | 1.83 | |||
| Kurtosis | 6.59 |
Tencent Music November 30, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Tencent stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 145,660 | ||
| Daily Balance Of Power | (0.36) | ||
| Rate Of Daily Change | 0.99 | ||
| Day Median Price | 11.45 | ||
| Day Typical Price | 11.44 | ||
| Price Action Indicator | (0.09) |
Complementary Tools for Tencent Stock analysis
When running Tencent Music's price analysis, check to measure Tencent Music'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 Tencent Music is operating at the current time. Most of Tencent Music's value examination focuses on studying past and present price action to predict the probability of Tencent Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Music's price. Additionally, you may evaluate how the addition of Tencent Music to your portfolios can decrease your overall portfolio volatility.
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