Work Medical Technology Stock Technical Analysis
| WOK Stock | 5.46 0.75 15.92% |
As of the 13th of December 2024, WORK Medical maintains the Risk Adjusted Performance of 0.0244, downside deviation of 5.4, and Mean Deviation of 4.22. In relation to fundamental indicators, the technical analysis model lets you check available technical drivers of WORK Medical Technology, as well as the relationship between them.
WORK Medical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as WORK, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WORKWORK |
WORK Medical 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.
WORK Medical Technology 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 WORK Medical Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
WORK Medical Technology Trend Analysis
Use this graph to draw trend lines for WORK Medical Technology. You can use it to identify possible trend reversals for WORK Medical 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 WORK Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.WORK Medical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for WORK Medical Technology applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that WORK Medical Technology will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 8.1, which is the sum of squared deviations for the predicted WORK Medical price change compared to its average price change.About WORK Medical 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 WORK Medical Technology 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 WORK Medical Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on WORK Medical Technology price pattern first instead of the macroeconomic environment surrounding WORK Medical Technology. By analyzing WORK Medical'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 WORK Medical'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 WORK Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
WORK Medical December 13, 2024 Technical Indicators
Most technical analysis of WORK 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 WORK from various momentum indicators to cycle indicators. When you analyze WORK 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 | 0.0244 | |||
| Market Risk Adjusted Performance | (0.77) | |||
| Mean Deviation | 4.22 | |||
| Semi Deviation | 5.31 | |||
| Downside Deviation | 5.4 | |||
| Coefficient Of Variation | 4664.15 | |||
| Standard Deviation | 6.05 | |||
| Variance | 36.63 | |||
| Information Ratio | 0.003 | |||
| Jensen Alpha | 0.1353 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | (0.78) | |||
| Maximum Drawdown | 28.81 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 9.91 | |||
| Downside Variance | 29.11 | |||
| Semi Variance | 28.17 | |||
| Expected Short fall | (4.93) | |||
| Skewness | 0.2266 | |||
| Kurtosis | 3.21 |
WORK Medical December 13, 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 WORK 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 | 157,184 | ||
| Daily Balance Of Power | 0.59 | ||
| Rate Of Daily Change | 1.16 | ||
| Day Median Price | 5.02 | ||
| Day Typical Price | 5.16 | ||
| Price Action Indicator | 0.82 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WORK Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WORK Medical. If investors know WORK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WORK Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WORK Medical's market value can be influenced by many factors that don't directly affect WORK Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.