James Hardie Industries Stock Technical Analysis
JHX Stock | USD 35.17 0.39 1.10% |
As of the 25th of April, James Hardie retains the Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.02), and Standard Deviation of 2.42. James Hardie technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have analyze and collected data for thirteen technical drivers for James Hardie Industries, which can be compared to its competitors. Please check out James Hardie Industries variance and skewness to decide if James Hardie is priced fairly, providing market reflects its last-minute price of 35.17 per share. Given that James Hardie Industries has information ratio of (0.06), we strongly advise you to confirm James Hardie Industries's regular market performance to make sure the company can sustain itself at a future point.
James Hardie Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as James, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JamesJames |
James Hardie Analyst Consensus
Target Price | Advice | # of Analysts | |
32.9 | Hold | 2 | Odds |
Most James analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand James stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of James Hardie Industries, talking to its executives and customers, or listening to James conference calls.
James Hardie 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.
James Hardie Industries Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-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 James Hardie Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
James Hardie Industries Trend Analysis
Use this graph to draw trend lines for James Hardie Industries. You can use it to identify possible trend reversals for James Hardie 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 James Hardie price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.James Hardie Best Fit Change Line
The following chart estimates an ordinary least squares regression model for James Hardie Industries 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 James Hardie Industries will continue to fail. It has 122 observation points and a regression sum of squares at 23.97, which is the sum of squared deviations for the predicted James Hardie price change compared to its average price change.About James Hardie 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 James Hardie Industries 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 James Hardie Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on James Hardie Industries price pattern first instead of the macroeconomic environment surrounding James Hardie Industries. By analyzing James Hardie'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 James Hardie'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 James Hardie specific price patterns or momentum indicators. Please read more on our technical analysis page.
2020 | 2022 | 2024 (projected) | Dividend Yield | 0.0361 | 0.0134 | 0.0214 | Price To Sales Ratio | 4.66 | 2.55 | 2.13 |
James Hardie April 25, 2024 Technical Indicators
Most technical analysis of James 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 James from various momentum indicators to cycle indicators. When you analyze James 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 | (0.01) | |||
Market Risk Adjusted Performance | (0.02) | |||
Mean Deviation | 1.61 | |||
Coefficient Of Variation | (4,058) | |||
Standard Deviation | 2.42 | |||
Variance | 5.83 | |||
Information Ratio | (0.06) | |||
Jensen Alpha | (0.29) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | (0.03) | |||
Maximum Drawdown | 17.29 | |||
Value At Risk | (2.58) | |||
Potential Upside | 3.28 | |||
Skewness | (2.02) | |||
Kurtosis | 11.32 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the James Hardie Industries information on this page should be used as a complementary analysis to other James Hardie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for James Stock analysis
When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.
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Is James Hardie's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of James Hardie. If investors know James will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about James Hardie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.5 | Earnings Share 1.21 | Revenue Per Share 8.736 | Quarterly Revenue Growth 0.137 | Return On Assets 0.1225 |
The market value of James Hardie Industries is measured differently than its book value, which is the value of James that is recorded on the company's balance sheet. Investors also form their own opinion of James Hardie's value that differs from its market value or its book value, called intrinsic value, which is James Hardie's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because James Hardie's market value can be influenced by many factors that don't directly affect James Hardie's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between James Hardie's value and its price as these two are different measures arrived at by different means. Investors typically determine if James Hardie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, James Hardie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.