Electrocomponents Plc Stock Technical Analysis
| EENEF Stock | USD 8.83 0.23 2.67% |
As of the 2nd of May, Electrocomponents shows the Mean Deviation of 0.3705, standard deviation of 1.04, and Variance of 1.09. Electrocomponents plc 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 were able to analyze and collect data for twelve technical drivers for Electrocomponents plc, which can be compared to its peers. Please confirm Electrocomponents plc variance, as well as the relationship between the maximum drawdown and kurtosis to decide if Electrocomponents plc is priced favorably, providing market reflects its regular price of 8.83 per share. Given that Electrocomponents has total risk alpha of (0.22), we urge you to verify Electrocomponents plc's prevailing market performance to make sure the company can sustain itself at a future point.
Electrocomponents Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Electrocomponents, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElectrocomponentsElectrocomponents |
Electrocomponents 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.
Electrocomponents plc Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Electrocomponents plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Electrocomponents plc Trend Analysis
Use this graph to draw trend lines for Electrocomponents plc. You can use it to identify possible trend reversals for Electrocomponents 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 Electrocomponents price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Electrocomponents Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Electrocomponents plc applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Electrocomponents plc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 14.06, which is the sum of squared deviations for the predicted Electrocomponents price change compared to its average price change.About Electrocomponents 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 Electrocomponents plc 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 Electrocomponents plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Electrocomponents plc price pattern first instead of the macroeconomic environment surrounding Electrocomponents plc. By analyzing Electrocomponents'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 Electrocomponents'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 Electrocomponents specific price patterns or momentum indicators. Please read more on our technical analysis page.
Electrocomponents May 2, 2024 Technical Indicators
Most technical analysis of Electrocomponents 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 Electrocomponents from various momentum indicators to cycle indicators. When you analyze Electrocomponents 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 | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.42) | |||
| Mean Deviation | 0.3705 | |||
| Coefficient Of Variation | (800.46) | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.09 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.43) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (1.01) | |||
| Skewness | (4.52) | |||
| Kurtosis | 29.88 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocomponents plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Electrocomponents plc information on this page should be used as a complementary analysis to other Electrocomponents' 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Electrocomponents Pink Sheet analysis
When running Electrocomponents' price analysis, check to measure Electrocomponents' 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 Electrocomponents is operating at the current time. Most of Electrocomponents' value examination focuses on studying past and present price action to predict the probability of Electrocomponents' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocomponents' price. Additionally, you may evaluate how the addition of Electrocomponents to your portfolios can decrease your overall portfolio volatility.
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