Halliburton Company retains Downside Deviation of 0.8952, Market Risk Adjusted Performance of
(0.44) and Risk Adjusted Performance of 0.0657. Halliburton technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Halliburton which can be compared to its competitors. Please check out Halliburton Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Halliburton is priced fairly providing market reflects its last-minute price of 44.61 per share. Given that Halliburton Company has Jensen Alpha of 0.3022, we strongly advise you confirm Halliburton regular market performance to make sure the company can sustain itself at future point.
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Halliburton Trend AnalysisUse this graph to draw trend lines for Halliburton Company. You can use it to identify possible trend reversals for Halliburton 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 Halliburton price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Halliburton Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Halliburton Company applied against its price change over selected period. The best fit line has a slop of 0.01 % which may imply that the returns on investment in Halliburton Company will continue to fail. It has 34 observation points and a regression sum of squares at 0.1, which is the sum of squared deviations for the predicted Halliburton price change compared to its average price change.
Halliburton Company is rated # 4 in mean deviation category among related companies. It is rated # 3 in standard deviation category among related companies creating about 1.31 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Halliburton Company is roughly 1.31