Amgen Inc shows Mean Deviation of 1.36 and Risk Adjusted Performance of
0.17. Amgen 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 Amgen Inc which can be compared to its rivals. Please confirm Amgen Inc Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if Amgen Inc is priced correctly providing market reflects its regular price of 182.98 per share. Given that Amgen has Jensen Alpha of 0.040554, we suggest you validate Amgen Inc prevailing market performance to make sure the company can sustain itself at future point.
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Amgen Inc Technical Analysis
Amgen Inc Trend AnalysisUse this graph to draw trend lines for Amgen Inc. You can use it to identify possible trend reversals for Amgen 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 Amgen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Amgen Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Amgen Inc applied against its price change over selected period. The best fit line has a slop of 0.21 % which may suggest that Amgen Inc market price will keep on failing further. It has 34 observation points and a regression sum of squares at 37.16, which is the sum of squared deviations for the predicted Amgen price change compared to its average price change.
Amgen Inc is rated fourth in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.52 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Amgen Inc is roughly 1.52