Nanya Technology (Taiwan) Technical Analysis
| 2408 Stock | TWD 62.00 2.30 3.58% |
As of the 23rd of April, Nanya Technology secures the Standard Deviation of 2.21, mean deviation of 1.51, and Risk Adjusted Performance of (0.06). Nanya Technology Corp technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Nanya Technology, which can be compared to its peers in the industry. Please verify Nanya Technology Corp standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Nanya Technology Corp is priced some-what accurately, providing market reflects its recent price of 62.0 per share.
Nanya Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nanya, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NanyaNanya |
Nanya Technology 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.
Nanya Technology Corp 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 Nanya Technology Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nanya Technology Corp Trend Analysis
Use this graph to draw trend lines for Nanya Technology Corp. You can use it to identify possible trend reversals for Nanya Technology 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 Nanya Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nanya Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nanya Technology Corp applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Nanya Technology Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 105.59, which is the sum of squared deviations for the predicted Nanya Technology price change compared to its average price change.About Nanya Technology 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 Nanya Technology Corp 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 Nanya Technology Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nanya Technology Corp price pattern first instead of the macroeconomic environment surrounding Nanya Technology Corp. By analyzing Nanya Technology'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 Nanya Technology'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 Nanya Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nanya Technology April 23, 2024 Technical Indicators
Most technical analysis of Nanya 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 Nanya from various momentum indicators to cycle indicators. When you analyze Nanya 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 | (0.06) | |||
| Market Risk Adjusted Performance | 0.5042 | |||
| Mean Deviation | 1.51 | |||
| Coefficient Of Variation | (854.72) | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.87 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.4942 | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 2.66 | |||
| Skewness | 1.17 | |||
| Kurtosis | 6.49 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanya Technology Corp. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Nanya Stock analysis
When running Nanya Technology's price analysis, check to measure Nanya Technology's 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 Nanya Technology is operating at the current time. Most of Nanya Technology's value examination focuses on studying past and present price action to predict the probability of Nanya Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanya Technology's price. Additionally, you may evaluate how the addition of Nanya Technology to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |