BHP Group (Germany) Technical Analysis
| BHP Stock | EUR 54.40 0.20 0.37% |
As of the 23rd of April, BHP Group shows the mean deviation of 1.01, and Risk Adjusted Performance of 0.0184. 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's future prices. Put another way, 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 were able to interpolate nineteen technical drivers for BHP Group Limited, which can be compared to its peers. Please confirm BHP Group Limited maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if BHP Group Limited is priced favorably, providing market reflects its regular price of 54.4 per share.
BHP Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BHP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BHPBHP |
BHP Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
BHP Group Limited Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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.
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 0.0008 , which means BHP Group Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted BHP Group price change compared to its average price change.About BHP Group Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BHP Group Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BHP Group Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BHP Group Limited price pattern first instead of the macroeconomic environment surrounding BHP Group Limited. By analyzing BHP Group's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BHP Group's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BHP Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
BHP Group April 23, 2024 Technical Indicators
Most technical analysis of BHP help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BHP from various momentum indicators to cycle indicators. When you analyze BHP charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0184 | |||
| Market Risk Adjusted Performance | 0.0873 | |||
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.3 | |||
| Coefficient Of Variation | 4719.75 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.73 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0773 | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.97 | |||
| Downside Variance | 1.69 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (1.27) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.9974 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for BHP Stock analysis
When running BHP Group's price analysis, check to measure BHP Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.
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