Pinnacle Investment Management

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Ulcer Index

Score

1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 44.1 0.64% 1.75% 16.9% -3.5% 104.4%
SHORT 11 22.4 0.36% 0.57% 15.7% -4.3% 32.7%

Summary

Technical Analysis

Pinnacle Investment Management (PNI.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $5.52
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Pinnacle Investment Management (ASX:PNI) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.988.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Pinnacle Investment Management (PNI.AX)


Stock Exchange: ASX
Company: Pinnacle Investment Management
Ticker Codes: | PNI.AX | ASX:PNI |

About Pinnacle Investment Management (ASX:PNI):

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and aligned investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company was formerly known as Wilson Group Limited and changed its name to Pinnacle Investment Management Group Limited in August 2016. Pinnacle Investment Management Group Limited was founded in 1895 and is based in Sydney, Australia.

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Ulcer Index

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