Harmony Gold Mining Stock Technical Analysis
| HGMCF Stock | USD 8.84 0.00 0.00% |
As of the 19th of April, Harmony Gold retains the Risk Adjusted Performance of 0.1226, downside deviation of 5.59, and Market Risk Adjusted Performance of (1.09). Harmony Gold 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 break down nineteen technical drivers for Harmony Gold Mining, which can be compared to its competitors. Please check out Harmony Gold Mining treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Harmony Gold is priced fairly, providing market reflects its last-minute price of 8.84 per share. Given that Harmony Gold Mining has jensen alpha of 0.686, we strongly advise you to confirm Harmony Gold Mining's regular market performance to make sure the company can sustain itself at a future point.
Harmony Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Harmony, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HarmonyHarmony |
Harmony Gold technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Harmony Gold Mining 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 Harmony Gold Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Harmony Gold Mining Trend Analysis
Use this graph to draw trend lines for Harmony Gold Mining. You can use it to identify possible trend reversals for Harmony Gold 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 Harmony Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Harmony Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Harmony Gold Mining applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Harmony Gold Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 114.96, which is the sum of squared deviations for the predicted Harmony Gold price change compared to its average price change.About Harmony Gold 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 Harmony Gold Mining 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 Harmony Gold Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Harmony Gold Mining price pattern first instead of the macroeconomic environment surrounding Harmony Gold Mining. By analyzing Harmony Gold'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 Harmony Gold'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 Harmony Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Harmony Gold April 19, 2024 Technical Indicators
Most technical analysis of Harmony 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 Harmony from various momentum indicators to cycle indicators. When you analyze Harmony 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.
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1226 | |||
| Market Risk Adjusted Performance | (1.09) | |||
| Mean Deviation | 1.6 | |||
| Semi Deviation | 1.57 | |||
| Downside Deviation | 5.59 | |||
| Coefficient Of Variation | 540.43 | |||
| Standard Deviation | 3.57 | |||
| Variance | 12.77 | |||
| Information Ratio | 0.1658 | |||
| Jensen Alpha | 0.686 | |||
| Total Risk Alpha | 0.3125 | |||
| Sortino Ratio | 0.1059 | |||
| Treynor Ratio | (1.10) | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 5.91 | |||
| Downside Variance | 31.3 | |||
| Semi Variance | 2.46 | |||
| Expected Short fall | (3.97) | |||
| Skewness | 2.3 | |||
| Kurtosis | 11.8 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Harmony Gold Mining information on this page should be used as a complementary analysis to other Harmony Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Harmony Pink Sheet analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
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