Carnival Technical Analysis

Carnival Corporation -- USA Stock  

USD 65.42  0.01  0.0153%

Carnival Corporation shows Risk Adjusted Performance of (0.014844) and Mean Deviation of 0.6444. Carnival technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English 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 found nineteen technical drivers for Carnival Corporation which can be compared to its rivals. Please confirm Carnival Value At Risk, and the relationship between Jensen Alpha and Semi Variance to decide if Carnival is priced correctly providing market reflects its regular price of 65.42 per share. Given that Carnival has Jensen Alpha of (0.12), we suggest you validate Carnival Corporation prevailing market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

Carnival Trend Analysis

Use this graph to draw trend lines for Carnival Corporation. You can use it to identify possible trend reversals for Carnival 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 Carnival price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Carnival Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Carnival Corporation applied against its price change over selected period. The best fit line has a slop of 0.04 % which may imply that the returns on investment in Carnival Corporation will continue to fail. It has 34 observation points and a regression sum of squares at 1.12, which is the sum of squared deviations for the predicted Carnival price change compared to its average price change.

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Correlation Analysis

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Carnival Corporation is rated fourth in mean deviation category among related companies. It is rated third in standard deviation category among related companies creating about  1.41  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Carnival Corporation is roughly  1.41