Amgen shows Mean Deviation of 0.6916 and Risk Adjusted Performance of 0.0944. Amgen 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 which can be compared to its rivals. Please confirm AmgenTreynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if Amgen is priced correctly providing market reflects its regular price of 205.1 per share. Given that Amgen has Jensen Alpha of 0.1693, we suggest you validate Amgen prevailing market performance to make sure the company can sustain itself at future point.
The output start index for this execution was twelve with a total number of output elements of five. 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 Amgen volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Amgen Trend Analysis
Use this graph to draw trend lines for Amgen. 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 Line
The following chart estimates an ordinary least squares regression model for Amgen applied against its price change over selected period. The best fit line has a slop of 0.51 % which means Amgen will continue generating value for investors. It has 34 observation points and a regression sum of squares at 215.68, which is the sum of squared deviations for the predicted Amgen price change compared to its average price change.
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Analyst recommendations and target price estimates broken down by several categories