Sunny Optical Technology Stock Technical Analysis
| SNPTF Stock | USD 4.60 0.06 1.32% |
As of the 26th of April, Sunny Optical has the Risk Adjusted Performance of (0.1), variance of 13.38, and Coefficient Of Variation of (591.04). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sunny Optical Technology, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Sunny Optical Technology, which can be compared to its competition. Please validate Sunny Optical Technology market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Sunny Optical is priced more or less accurately, providing market reflects its prevalent price of 4.6 per share. Given that Sunny Optical Technology has information ratio of (0.19), we advise you to double-check Sunny Optical Technology's current market performance to make sure the company can sustain itself at a future point.
Sunny Optical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sunny, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SunnySunny |
Sunny Optical 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.
Sunny Optical Technology Technical Analysis
The output start index for this execution was fourty-two with a total number of output elements of nineteen. 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 Sunny Optical Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Sunny Optical Technology Trend Analysis
Use this graph to draw trend lines for Sunny Optical Technology. You can use it to identify possible trend reversals for Sunny Optical 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 Sunny Optical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Sunny Optical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sunny Optical Technology applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Sunny Optical Technology market price will keep on failing further. It has 122 observation points and a regression sum of squares at 28.35, which is the sum of squared deviations for the predicted Sunny Optical price change compared to its average price change.About Sunny Optical 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 Sunny Optical Technology 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 Sunny Optical Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sunny Optical Technology price pattern first instead of the macroeconomic environment surrounding Sunny Optical Technology. By analyzing Sunny Optical'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 Sunny Optical'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 Sunny Optical specific price patterns or momentum indicators. Please read more on our technical analysis page.
Sunny Optical April 26, 2024 Technical Indicators
Most technical analysis of Sunny 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 Sunny from various momentum indicators to cycle indicators. When you analyze Sunny 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 | (0.1) | |||
| Market Risk Adjusted Performance | 1.1 | |||
| Mean Deviation | 1.86 | |||
| Coefficient Of Variation | (591.04) | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.38 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 1.09 | |||
| Maximum Drawdown | 30.54 | |||
| Value At Risk | (8.48) | |||
| Potential Upside | 2.6 | |||
| Skewness | (2.05) | |||
| Kurtosis | 11.62 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunny Optical Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Sunny Pink Sheet analysis
When running Sunny Optical's price analysis, check to measure Sunny Optical'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 Sunny Optical is operating at the current time. Most of Sunny Optical's value examination focuses on studying past and present price action to predict the probability of Sunny Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunny Optical's price. Additionally, you may evaluate how the addition of Sunny Optical to your portfolios can decrease your overall portfolio volatility.
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