As of 20 of February Apple shows Risk Adjusted Performance of 0.0454, Mean Deviation of 1.89 and Downside Deviation of 3.08. Apple 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 Apple which can be compared to its rivals. Please confirm Apple Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Apple is priced correctly providing market reflects its regular price of 172.7 per share. Given that Apple has Jensen Alpha of (0.042541), we suggest you validate Apple prevailing market performance to make sure the company can sustain itself at future point.
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Apple Technical Analysis
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Apple Trend AnalysisUse this graph to draw trend lines for Apple. You can use it to identify possible trend reversals for Apple 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 Apple price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Apple Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Apple applied against its price change over selected period. The best fit line has a slop of 0.48 % which means Apple will continue generating value for investors. It has 78 observation points and a regression sum of squares at 2272.3, which is the sum of squared deviations for the predicted Apple price change compared to its average price change.
|Risk Adjusted Performance||0.0454|
|Market Risk Adjusted Performance||0.0512|
|Coefficient Of Variation||4324.14|
|Total Risk Alpha||(0.06)|
|Value At Risk||(3.20)|
|Expected Short fall||(1.79)|