Precipio Stock Technical Analysis
| PRPO Stock | USD 6.33 0.13 2.10% |
As of the 23rd of April, Precipio holds the Semi Deviation of 3.04, coefficient of variation of 32166.81, and Risk Adjusted Performance of 0.0099. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Precipio, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Precipio, which can be compared to its competitors. Please check Precipio information ratio, as well as the relationship between the potential upside and kurtosis to decide if Precipio is priced some-what accurately, providing market reflects its current price of 6.33 per share. Given that Precipio has jensen alpha of 0.0057, we recommend you to check out Precipio's recent market performance to make sure the company can sustain itself at a future point.
Precipio Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Precipio, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PrecipioPrecipio |
Precipio technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Precipio Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Precipio volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Precipio Trend Analysis
Use this graph to draw trend lines for Precipio. You can use it to identify possible trend reversals for Precipio 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 Precipio price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Precipio Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Precipio applied against its price change over selected period. The best fit line has a slop of 0 , which means Precipio will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Precipio price change compared to its average price change.About Precipio Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Precipio on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Precipio based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Precipio price pattern first instead of the macroeconomic environment surrounding Precipio. By analyzing Precipio's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Precipio's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Precipio specific price patterns or momentum indicators. Please read more on our technical analysis page.
Precipio April 23, 2024 Technical Indicators
Most technical analysis of Precipio help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Precipio from various momentum indicators to cycle indicators. When you analyze Precipio charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0099 | |||
| Market Risk Adjusted Performance | 0.0147 | |||
| Mean Deviation | 2.3 | |||
| Semi Deviation | 3.04 | |||
| Downside Deviation | 3.57 | |||
| Coefficient Of Variation | 32166.81 | |||
| Standard Deviation | 3.1 | |||
| Variance | 9.62 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0047 | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 3.88 | |||
| Downside Variance | 12.75 | |||
| Semi Variance | 9.26 | |||
| Expected Short fall | (2.55) | |||
| Skewness | (0.03) | |||
| Kurtosis | 0.64 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precipio. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Precipio Stock analysis
When running Precipio's price analysis, check to measure Precipio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precipio is operating at the current time. Most of Precipio's value examination focuses on studying past and present price action to predict the probability of Precipio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precipio's price. Additionally, you may evaluate how the addition of Precipio to your portfolios can decrease your overall portfolio volatility.
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Is Precipio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precipio. If investors know Precipio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precipio's market value can be influenced by many factors that don't directly affect Precipio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.