BP plc owns Standard Deviation
of 0.7303, Market Risk Adjusted Performance
of 0.1156 and Coefficient Of Variation
of 709.57. BP plc technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm future prices. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of historical prices
and volume patterns or the prices will eventually revert. We found nineteen technical drivers
for BP plc which can be compared to its peers in the sector. Please confirm BP plc Information Ratio
, and the relationship
between Downside Deviation
and Value At Risk
to decide if BP plc is priced fairly providing market reflects its prevailing price of 46.92 per share. Given that BP plc has Jensen Alpha
of 0.0148, we suggest you validate BP plc latest market performance to make sure the company can sustain itself sooner or later. Use BP plc technical analysis together with your stock portfolios to enhance returns of your portfolios and to determine Stock optimization strategy that fits your criteria.
Use this graph to draw trend lines for BP plc. You can use it to identify possible trend reversals for BP plc 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 BP plc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
BP plc Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BP plc applied against its price change over selected period. The best fit line has a slop of 0.03 %
which suggests that BP plc will keep on generating value for investors. It has 36 observation points and regression sum of squers of 0.99 which is sum of squared deviations of the predicted BP plc price change against its avarage change.
BP plc has a best fit line with a correlation coefficient of 0.35. and coefficient of determination of 0.12. Note, that the company has price-to-book (p/b) ratio of 1.13.