Wealth Minerals Stock Technical Analysis
| WML Stock | CAD 0.06 0.01 10.00% |
As of the 29th of December, Wealth Minerals maintains the Market Risk Adjusted Performance of 0.2883, standard deviation of 8.21, and Mean Deviation of 4.24. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wealth Minerals, as well as the relationship between them. Please check out Wealth Minerals mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Wealth Minerals is priced fairly, providing market reflects its latest price of 0.055 per share.
Wealth Minerals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wealth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WealthWealth |
Wealth Minerals 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.
Wealth Minerals Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Wealth Minerals volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wealth Minerals Trend Analysis
Use this graph to draw trend lines for Wealth Minerals. You can use it to identify possible trend reversals for Wealth Minerals 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 Wealth Minerals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wealth Minerals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wealth Minerals applied against its price change over selected period. The best fit line has a slop of 0.0008 , which may suggest that Wealth Minerals market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Wealth Minerals price change compared to its average price change.About Wealth Minerals 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 Wealth Minerals 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 Wealth Minerals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wealth Minerals price pattern first instead of the macroeconomic environment surrounding Wealth Minerals. By analyzing Wealth Minerals'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 Wealth Minerals'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 Wealth Minerals specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Payables Turnover | 0.0124 | 0.0118 | Days Of Inventory On Hand | 18.07 | 16.06 |
Wealth Minerals December 29, 2024 Technical Indicators
Most technical analysis of Wealth 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 Wealth from various momentum indicators to cycle indicators. When you analyze Wealth 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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| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.2883 | |||
| Mean Deviation | 4.24 | |||
| Coefficient Of Variation | (3,494) | |||
| Standard Deviation | 8.21 | |||
| Variance | 67.46 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.2783 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 12.5 | |||
| Skewness | 0.3976 | |||
| Kurtosis | 2.58 |
Additional Tools for Wealth Stock Analysis
When running Wealth Minerals' price analysis, check to measure Wealth Minerals' 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 Wealth Minerals is operating at the current time. Most of Wealth Minerals' value examination focuses on studying past and present price action to predict the probability of Wealth Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wealth Minerals' price. Additionally, you may evaluate how the addition of Wealth Minerals to your portfolios can decrease your overall portfolio volatility.