As of 22 of September Bovespa shows Risk Adjusted Performance of 0.0599, Downside Deviation of 1.3 and Mean Deviation of 0.876. Macroaxis technical analysis interface gives you tools to check existing technical drivers of Bovespa as well as the relationship between them. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Bovespa which can be compared to its rivals. Please confirm Bovespa Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if Bovespa is priced correctly providing market reflects its regular price of 104817.4 per share.
|Horizon||30 Days Login to change|
Bovespa Trend AnalysisUse this graph to draw trend lines for Bovespa. You can use it to identify possible trend reversals for Bovespa 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 Bovespa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Bovespa Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Bovespa applied against its price change over selected period. The best fit line has a slop of 10.12 % which may suggest that Bovespa market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3871250.02, which is the sum of squared deviations for the predicted Bovespa price change compared to its average price change.
Bovespa September 22, 2019 Technical Indicators
|Risk Adjusted Performance||0.0599|
|Coefficient Of Variation||1552.84|
|Total Risk Alpha||0.0398|
|Value At Risk||(2.00)|
|Expected Short fall||(0.83)|
Bovespa September 22, 2019 Daily Price Condition
|Daily Balance Of Power||0.50|
|Rate Of Daily Change||1.00|
|Day Median Price||104,817|
|Day Typical Price||104,817|
|Price Action Indicator||239.10|
|Market Facilitation Index||956.48|