Hanesbrands Technical Analysis

Hanesbrands Inc -- USA Stock  

USD 22.82  0.18  0.78%

Hanesbrands Inc retains Downside Deviation of 1.21, Market Risk Adjusted Performance of (0.37) and Risk Adjusted Performance of 0.1225. Hanesbrands technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Hanesbrands Inc which can be compared to its competitors. Please check out Hanesbrands Inc Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Hanesbrands is priced fairly providing market reflects its last-minute price of 22.82 per share. Given that Hanesbrands Inc has Jensen Alpha of 0.7071, we strongly advise you confirm Hanesbrands Inc regular market performance to make sure the company can sustain itself at future point.
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Hanesbrands Inc Technical Analysis

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The output start index for this execution was six with a total number of output elements of eleven. 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 Hanesbrands Inc 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.

Hanesbrands Inc Trend Analysis

Use this graph to draw trend lines for Hanesbrands Inc. You can use it to identify possible trend reversals for Hanesbrands 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 Hanesbrands price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Hanesbrands Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hanesbrands Inc applied against its price change over selected period. The best fit line has a slop of 0.13 % which may imply that Hanesbrands Inc will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 13.66, which is the sum of squared deviations for the predicted Hanesbrands price change compared to its average price change.

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Chance of Distress

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Hanesbrands Inc is rated # 5 in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.35  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Hanesbrands Inc is roughly  1.35 

Hanesbrands Market Strength

Hanesbrands January 23, 2018 Daily Price Condition