Fomento Económico (Germany) Technical Analysis
| FOMA Stock | EUR 110.00 1.00 0.90% |
As of the 24th of April, Fomento Económico shows the Mean Deviation of 1.51, standard deviation of 2.31, and Variance of 5.35. Fomento Econmico Mexicano technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for thirteen technical drivers for Fomento Econmico Mexicano, which can be compared to its peers. Please confirm Fomento Econmico Mexicano information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Fomento Econmico Mexicano is priced favorably, providing market reflects its regular price of 110.0 per share.
Fomento Económico Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fomento, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FomentoFomento |
Fomento Económico 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.
Fomento Econmico Mexicano Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Fomento Econmico Mexicano volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fomento Econmico Mexicano Trend Analysis
Use this graph to draw trend lines for Fomento Econmico Mexicano. You can use it to identify possible trend reversals for Fomento Económico 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 Fomento Económico price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fomento Económico Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fomento Econmico Mexicano applied against its price change over selected period. The best fit line has a slop of 0.24 , which may suggest that Fomento Econmico Mexicano market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2184.21, which is the sum of squared deviations for the predicted Fomento Económico price change compared to its average price change.About Fomento Económico 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 Fomento Econmico Mexicano 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 Fomento Econmico Mexicano based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fomento Econmico Mexicano price pattern first instead of the macroeconomic environment surrounding Fomento Econmico Mexicano. By analyzing Fomento Económico'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 Fomento Económico'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 Fomento Económico specific price patterns or momentum indicators. Please read more on our technical analysis page.
Fomento Económico April 24, 2024 Technical Indicators
Most technical analysis of Fomento 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 Fomento from various momentum indicators to cycle indicators. When you analyze Fomento 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.40) | |||
| Mean Deviation | 1.51 | |||
| Coefficient Of Variation | (2,583) | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.35 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.41) | |||
| Maximum Drawdown | 15.32 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 2.78 | |||
| Skewness | (1.99) | |||
| Kurtosis | 8.38 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Econmico Mexicano. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Fomento Stock analysis
When running Fomento Económico's price analysis, check to measure Fomento Económico'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 Fomento Económico is operating at the current time. Most of Fomento Económico's value examination focuses on studying past and present price action to predict the probability of Fomento Económico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Económico's price. Additionally, you may evaluate how the addition of Fomento Económico to your portfolios can decrease your overall portfolio volatility.
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