AbbVie Inc shows Mean Deviation of 0.9945 and Risk Adjusted Performance of 0.0479. AbbVie Inc 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 AbbVie Inc which can be compared to its rivals. Please confirm AbbVie Inc Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if AbbVie Inc is priced correctly providing market reflects its regular price of 94.47 per share. Given that AbbVie has Jensen Alpha of 0.1269, we suggest you validate AbbVie Inc prevailing market performance to make sure the company can sustain itself at future point.
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AbbVie Inc Trend AnalysisUse this graph to draw trend lines for AbbVie Inc. You can use it to identify possible trend reversals for AbbVie 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 AbbVie price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
AbbVie Best Fit Change LineThe following chart estimates an ordinary least squares regression model for AbbVie Inc applied against its price change over selected period. The best fit line has a slop of 0.12 % which means AbbVie Inc will continue generating value for investors. It has 34 observation points and a regression sum of squares at 11.18, which is the sum of squared deviations for the predicted AbbVie price change compared to its average price change.
AbbVie Inc is rated fifth in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.28 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for AbbVie Inc is roughly 1.28