Ocean Plastics (Taiwan) Technical Analysis
| 1321 Stock | TWD 37.15 1.75 4.94% |
As of the 18th of April 2024, Ocean Plastics holds the Risk Adjusted Performance of 0.0131, coefficient of variation of 6580.79, and Semi Deviation of 0.547. Ocean Plastics technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the company's future prices. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Ocean Plastics, which can be compared to its competitors. Please check Ocean Plastics semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if Ocean Plastics is priced some-what accurately, providing market reflects its current price of 37.15 per share.
Ocean Plastics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ocean, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OceanOcean |
Ocean Plastics 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.
Ocean Plastics Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Ocean Plastics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ocean Plastics Trend Analysis
Use this graph to draw trend lines for Ocean Plastics Co. You can use it to identify possible trend reversals for Ocean Plastics 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 Ocean Plastics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ocean Plastics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ocean Plastics Co applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Ocean Plastics Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 14.81, which is the sum of squared deviations for the predicted Ocean Plastics price change compared to its average price change.About Ocean Plastics 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 Ocean Plastics Co 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 Ocean Plastics Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ocean Plastics price pattern first instead of the macroeconomic environment surrounding Ocean Plastics. By analyzing Ocean Plastics'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 Ocean Plastics'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 Ocean Plastics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ocean Plastics April 18, 2024 Technical Indicators
Most technical analysis of Ocean 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 Ocean from various momentum indicators to cycle indicators. When you analyze Ocean 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 | 0.0131 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.574 | |||
| Semi Deviation | 0.547 | |||
| Downside Deviation | 0.6269 | |||
| Coefficient Of Variation | 6580.79 | |||
| Standard Deviation | 0.9774 | |||
| Variance | 0.9553 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.16 | |||
| Downside Variance | 0.393 | |||
| Semi Variance | 0.2992 | |||
| Expected Short fall | (0.96) | |||
| Skewness | 2.87 | |||
| Kurtosis | 12.3 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ocean Plastics Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Ocean Stock analysis
When running Ocean Plastics' price analysis, check to measure Ocean Plastics' 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 Ocean Plastics is operating at the current time. Most of Ocean Plastics' value examination focuses on studying past and present price action to predict the probability of Ocean Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Plastics' price. Additionally, you may evaluate how the addition of Ocean Plastics to your portfolios can decrease your overall portfolio volatility.
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