Tuanche Adr Stock Technical Analysis
| TC Stock | USD 1.87 0.08 4.10% |
As of the 18th of April 2024, TuanChe ADR has the Risk Adjusted Performance of (0.03), variance of 54.34, and Coefficient Of Variation of (1,660). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of TuanChe ADR, 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 break down thirteen technical drivers for TuanChe ADR, which can be compared to its competition. Please validate TuanChe ADR mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if TuanChe ADR is priced more or less accurately, providing market reflects its prevalent price of 1.87 per share. Please also confirm TuanChe ADR jensen alpha, which is currently at (0.51) to double-check the company can sustain itself at a future point.
TuanChe ADR Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TuanChe, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TuanCheTuanChe |
TuanChe ADR 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.
TuanChe ADR 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 TuanChe ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TuanChe ADR Trend Analysis
Use this graph to draw trend lines for TuanChe ADR. You can use it to identify possible trend reversals for TuanChe ADR 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 TuanChe ADR price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TuanChe ADR Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TuanChe ADR applied against its price change over selected period. The best fit line has a slop of 0.0056 , which may indicate that the price for TuanChe ADR will continue to decline. It has 122 observation points and a regression sum of squares at 1.19, which is the sum of squared deviations for the predicted TuanChe ADR price change compared to its average price change.About TuanChe ADR 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 TuanChe ADR 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 TuanChe ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TuanChe ADR price pattern first instead of the macroeconomic environment surrounding TuanChe ADR. By analyzing TuanChe ADR'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 TuanChe ADR'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 TuanChe ADR specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 2.88 | 11.72 | 13.47 | 12.8 | Days Of Inventory On Hand | 144.81 | 331.99 | 298.79 | 313.73 |
TuanChe ADR April 18, 2024 Technical Indicators
Most technical analysis of TuanChe 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 TuanChe from various momentum indicators to cycle indicators. When you analyze TuanChe 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.38) | |||
| Mean Deviation | 5.24 | |||
| Coefficient Of Variation | (1,660) | |||
| Standard Deviation | 7.37 | |||
| Variance | 54.34 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.39) | |||
| Maximum Drawdown | 36.17 | |||
| Value At Risk | (11.79) | |||
| Potential Upside | 12.36 | |||
| Skewness | 0.8399 | |||
| Kurtosis | 1.96 |
TuanChe ADR April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as TuanChe stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 21,771 | ||
| Daily Balance Of Power | (0.29) | ||
| Rate Of Daily Change | 0.96 | ||
| Day Median Price | 1.97 | ||
| Day Typical Price | 1.94 | ||
| Price Action Indicator | (0.14) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TuanChe ADR. 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. For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.Note that the TuanChe ADR information on this page should be used as a complementary analysis to other TuanChe ADR'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for TuanChe Stock analysis
When running TuanChe ADR's price analysis, check to measure TuanChe ADR'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 TuanChe ADR is operating at the current time. Most of TuanChe ADR's value examination focuses on studying past and present price action to predict the probability of TuanChe ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TuanChe ADR's price. Additionally, you may evaluate how the addition of TuanChe ADR to your portfolios can decrease your overall portfolio volatility.
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Is TuanChe ADR's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TuanChe ADR. If investors know TuanChe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TuanChe ADR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.63) | Revenue Per Share 95.791 | Quarterly Revenue Growth (0.25) | Return On Assets (0.42) | Return On Equity (1.48) |
The market value of TuanChe ADR is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe ADR's value that differs from its market value or its book value, called intrinsic value, which is TuanChe ADR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TuanChe ADR's market value can be influenced by many factors that don't directly affect TuanChe ADR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TuanChe ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if TuanChe ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe ADR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.