Alphabet shows Downside Deviation of 1.28, Risk Adjusted Performance of 0.0263 and Mean Deviation of 0.8843. Alphabet 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 Alphabet which can be compared to its rivals. Please confirm AlphabetTreynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Alphabet is priced correctly providing market reflects its regular price of 1214.38 per share. Given that Alphabet has Jensen Alpha of 0.0244, we suggest you validate Alphabet prevailing market performance to make sure the company can sustain itself at future point.
The output start index for this execution was six with a total number of output elements of eleven. 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 Alphabet volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Alphabet Trend Analysis
Use this graph to draw trend lines for Alphabet. You can use it to identify possible trend reversals for Alphabet 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 Alphabet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Alphabet Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alphabet applied against its price change over selected period. The best fit line has a slop of 0.61 % which may suggest that Alphabet market price will keep on failing further. It has 34 observation points and a regression sum of squares at 302.03, which is the sum of squared deviations for the predicted Alphabet price change compared to its average price change.
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Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios