As of 18 of October BHP Group shows Risk Adjusted Performance of (0.15) and Mean Deviation of 1.14. BHP Group Limited 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 BHP Group Limited which can be compared to its rivals. Please confirm BHP Group LimitedJensen Alpha as well as the relationship between Potential Upside and Skewness to decide if BHP Group Limited is priced favorably providing market reflects its regular price of 47.65 per share. Given that BHP Group has Jensen Alpha of (0.23), we suggest you validate BHP Group Limited prevailing market performance to make sure the company can sustain itself in the future.
The output start index for this execution was thirty with a total number of output elements of thirty-one. 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 BHP Group Limited 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.
BHP Group Limited Trend Analysis
Use this graph to draw trend lines for BHP Group Limited. You can use it to identify possible trend reversals for BHP Group 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 BHP Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
BHP Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BHP Group Limited applied against its price change over selected period. The best fit line has a slop of 0.03 which may imply that the returns on investment in BHP Group Limited will continue to fail. It has 122 observation points and a regression sum of squares at 37.0, which is the sum of squared deviations for the predicted BHP Group price change compared to its average price change.