Jetbest (Taiwan) Technical Analysis
| 4741 Stock | TWD 41.25 0.90 2.14% |
As of the 6th of May, Jetbest retains the Risk Adjusted Performance of 0.1036, downside deviation of 1.33, and Market Risk Adjusted Performance of (1.70). Jetbest technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Jetbest, which can be compared to its competitors. Please check out Jetbest standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Jetbest is priced fairly, providing market reflects its last-minute price of 41.25 per share.
Jetbest Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Jetbest, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JetbestJetbest |
Jetbest 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.
Jetbest Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. 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 Jetbest volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Jetbest Trend Analysis
Use this graph to draw trend lines for Jetbest. You can use it to identify possible trend reversals for Jetbest 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 Jetbest price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Jetbest Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Jetbest applied against its price change over selected period. The best fit line has a slop of 0.09 , which means Jetbest will continue generating value for investors. It has 122 observation points and a regression sum of squares at 279.52, which is the sum of squared deviations for the predicted Jetbest price change compared to its average price change.About Jetbest 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 Jetbest 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 Jetbest based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Jetbest price pattern first instead of the macroeconomic environment surrounding Jetbest. By analyzing Jetbest'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 Jetbest'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 Jetbest specific price patterns or momentum indicators. Please read more on our technical analysis page.
Jetbest May 6, 2024 Technical Indicators
Most technical analysis of Jetbest 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 Jetbest from various momentum indicators to cycle indicators. When you analyze Jetbest 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 | 0.1036 | |||
| Market Risk Adjusted Performance | (1.70) | |||
| Mean Deviation | 0.93 | |||
| Semi Deviation | 0.9 | |||
| Downside Deviation | 1.33 | |||
| Coefficient Of Variation | 643.32 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Information Ratio | 0.0989 | |||
| Jensen Alpha | 0.2166 | |||
| Total Risk Alpha | 0.0538 | |||
| Sortino Ratio | 0.104 | |||
| Treynor Ratio | (1.71) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.89 | |||
| Downside Variance | 1.78 | |||
| Semi Variance | 0.8101 | |||
| Expected Short fall | (1.08) | |||
| Skewness | 0.8067 | |||
| Kurtosis | 2.35 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jetbest. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Jetbest Stock analysis
When running Jetbest's price analysis, check to measure Jetbest'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 Jetbest is operating at the current time. Most of Jetbest's value examination focuses on studying past and present price action to predict the probability of Jetbest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jetbest's price. Additionally, you may evaluate how the addition of Jetbest to your portfolios can decrease your overall portfolio volatility.
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