As of 23 of October Shanghai has Risk Adjusted Performance of 0.1317, Coefficient Of Variation of 719.7 and Semi Deviation of 0.4961. Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of Shanghai as well as the relationship between them. In other words you can use this information to find out if the index will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Shanghai which can be compared to its competition. Please validate Shanghai Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if Shanghai is priced more or less accurately providing market reflects its prevalent price of 2941.62 per share.
|Horizon||30 Days Login to change|
Shanghai Trend AnalysisUse this graph to draw trend lines for Shanghai. You can use it to identify possible trend reversals for Shanghai 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 Shanghai price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Shanghai Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Shanghai applied against its price change over selected period. The best fit line has a slop of 0.65 which means Shanghai will continue generating value for investors. It has 122 observation points and a regression sum of squares at 15837.85, which is the sum of squared deviations for the predicted Shanghai price change compared to its average price change.
Shanghai October 23, 2019 Technical Indicators
|Risk Adjusted Performance||0.1317|
|Coefficient Of Variation||719.7|
|Total Risk Alpha||0.1052|
|Value At Risk||(1.17)|
|Expected Short fall||(0.69)|
Shanghai October 23, 2019 Daily Price Condition
|Daily Balance Of Power||(0.29)|
|Rate Of Daily Change||1.00|
|Day Median Price||2,935|
|Day Typical Price||2,937|
|Price Action Indicator||4.51|
|Market Facilitation Index||12.76|