Tmx Group Limited Stock Technical Analysis
| TMXXF Stock | USD 30.51 0.15 0.49% |
As of the 20th of December, TMX Group has the Variance of 1.02, coefficient of variation of (1,777), and Risk Adjusted Performance of (0.04). Compared to fundamental indicators, the technical analysis model makes it possible for you to check available technical drivers of TMX Group Limited, as well as the relationship between them. Please validate TMX Group Limited market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if TMX Group is priced fairly, providing market reflects its prevalent price of 30.51 per share. Given that TMX Group Limited has information ratio of (0.09), we advise you to double-check TMX Group Limited's current market performance to make sure the company can sustain itself next year.
TMX Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TMX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TMXTMX |
TMX Group 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.
TMX Group Limited Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 TMX Group Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TMX Group Limited Trend Analysis
Use this graph to draw trend lines for TMX Group Limited. You can use it to identify possible trend reversals for TMX Group 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 TMX Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TMX Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TMX Group Limited applied against its price change over selected period. The best fit line has a slop of 0.0039 , which may suggest that TMX Group Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.57, which is the sum of squared deviations for the predicted TMX Group price change compared to its average price change.About TMX Group 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 TMX Group Limited 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 TMX Group Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TMX Group Limited price pattern first instead of the macroeconomic environment surrounding TMX Group Limited. By analyzing TMX Group'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 TMX Group'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 TMX Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
TMX Group December 20, 2024 Technical Indicators
Most technical analysis of TMX 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 TMX from various momentum indicators to cycle indicators. When you analyze TMX 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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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.54) | |||
| Mean Deviation | 0.693 | |||
| Coefficient Of Variation | (1,777) | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.02 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.55) | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.9 | |||
| Skewness | (0.03) | |||
| Kurtosis | 0.8343 |
Complementary Tools for TMX Pink Sheet analysis
When running TMX Group's price analysis, check to measure TMX Group'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 TMX Group is operating at the current time. Most of TMX Group's value examination focuses on studying past and present price action to predict the probability of TMX Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMX Group's price. Additionally, you may evaluate how the addition of TMX Group to your portfolios can decrease your overall portfolio volatility.
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