As of 16 of September Sothebys has Coefficient Of Variation of (1,367) and Risk Adjusted Performance of (0.07). Sothebys technical analysis provides you with the way to harness past market data to determine a pattern that measures the direction of the company future prices. In other words you can use this information to find out if the company will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Sothebys which can be compared to its competition. Please validate SothebysJensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Sothebys is priced more or less accurately providing market reflects its prevalent price of 56.87 per share. Given that Sothebys has Jensen Alpha of (0.06), we advise you double-check Sothebys current 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 fourty-nine. 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 Sothebys 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.
Sothebys Trend Analysis
Use this graph to draw trend lines for Sothebys. You can use it to identify possible trend reversals for Sothebys 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 Sothebys price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Sothebys Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sothebys applied against its price change over selected period. The best fit line has a slop of 0.02 % which may imply that the returns on investment in Sothebys will continue to fail. It has 122 observation points and a regression sum of squares at 18.68, which is the sum of squared deviations for the predicted Sothebys price change compared to its average price change.