NACCO Industries Technical Analysis

NACCO Industries Inc -- USA Stock  

USD 37.65  1.25  3.43%

NACCO Industries Inc owns Market Risk Adjusted Performance of 0.0754 and Mean Deviation of 5.58. In respect to Fundamental Indicators, Macroaxis technical analysis interface lets you check possible technical drivers of NACCO Industries Inc as well as the relationship between them. Strictly speaking you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for NACCO Industries which can be compared to its peers in the sector. Please verify NACCO Industries Inc Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if NACCO Industries Inc is priced more or less accurately providing market reflects its prevailing price of 37.65 per share. Given that NACCO Industries Inc has Jensen Alpha of 1.88, we recommend you check NACCO Industries latest market performance to make sure the company can sustain itself in the future.
Investment Horizon     30 Days    Login   to change

NACCO Industries Inc Trend Analysis

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

NACCO Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NACCO Industries Inc applied against its price change over selected period. The best fit line has a slop of 3.09 % which may indicate that the price for NACCO Industries Inc will continue to decline. It has 34 observation points and a regression sum of squares at 7790.38, which is the sum of squared deviations for the predicted NACCO Industries price change compared to its average price change.

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NACCO Industries Inc is regarded second in mean deviation category among related companies. It is considered to be number one stock in standard deviation category among related companies creating about  2.42  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for NACCO Industries Inc is roughly  2.42