Dermata Therapeutics Stock Technical Analysis
| DRMA Stock | USD 1.33 0.04 3.10% |
As of the 17th of October 2024, Dermata Therapeutics shows the Coefficient Of Variation of 3613.07, mean deviation of 8.97, and Downside Deviation of 8.5. Dermata Therapeutics 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.
Dermata Therapeutics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Dermata, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DermataDermata |
Dermata Therapeutics Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 90.0 | Buy | 1 | Odds |
Most Dermata analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Dermata stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Dermata Therapeutics, talking to its executives and customers, or listening to Dermata conference calls.
Dermata Therapeutics 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.
Dermata Therapeutics Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. 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 Dermata Therapeutics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Dermata Therapeutics Trend Analysis
Use this graph to draw trend lines for Dermata Therapeutics. You can use it to identify possible trend reversals for Dermata Therapeutics 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 Dermata Therapeutics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Dermata Therapeutics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Dermata Therapeutics applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Dermata Therapeutics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 14.05, which is the sum of squared deviations for the predicted Dermata Therapeutics price change compared to its average price change.About Dermata Therapeutics 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 Dermata Therapeutics 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 Dermata Therapeutics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Dermata Therapeutics price pattern first instead of the macroeconomic environment surrounding Dermata Therapeutics. By analyzing Dermata Therapeutics'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 Dermata Therapeutics'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 Dermata Therapeutics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Dermata Therapeutics October 17, 2024 Technical Indicators
Most technical analysis of Dermata 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 Dermata from various momentum indicators to cycle indicators. When you analyze Dermata 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 | 0.0319 | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 8.97 | |||
| Semi Deviation | 8.18 | |||
| Downside Deviation | 8.5 | |||
| Coefficient Of Variation | 3613.07 | |||
| Standard Deviation | 17.41 | |||
| Variance | 303.18 | |||
| Information Ratio | 0.0231 | |||
| Jensen Alpha | 0.7559 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.0473 | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 127.61 | |||
| Value At Risk | (15.42) | |||
| Potential Upside | 29.84 | |||
| Downside Variance | 72.32 | |||
| Semi Variance | 66.89 | |||
| Expected Short fall | (14.57) | |||
| Skewness | 3.96 | |||
| Kurtosis | 20.91 |
Complementary Tools for Dermata Stock analysis
When running Dermata Therapeutics' price analysis, check to measure Dermata Therapeutics' 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 Dermata Therapeutics is operating at the current time. Most of Dermata Therapeutics' value examination focuses on studying past and present price action to predict the probability of Dermata Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dermata Therapeutics' price. Additionally, you may evaluate how the addition of Dermata Therapeutics to your portfolios can decrease your overall portfolio volatility.
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