As of 20 of September Nike secures Mean Deviation of 1.14, Downside Deviation of 1.5 and Risk Adjusted Performance of 0.0493. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Nike as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Nike which can be compared to its peers in the industry. Please verify Nike Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Nike is priced some-what accurately providing market reflects its recent price of 87.59 per share. Given that Nike has Jensen Alpha of 0.0283, we recommend you check Nike last-minute market performance to make sure the company can sustain itself at future point.
Nike current and past analyst recommendations published by number of research institutions as well as average analyst consensus
|Target Price||Advice||# of Analysts|
|Nike Analyst Advice|
|Horizon||30 Days Login to change|
Nike Technical Analysis
Nike Trend AnalysisUse this graph to draw trend lines for Nike. You can use it to identify possible trend reversals for Nike 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 Nike price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Nike Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Nike applied against its price change over selected period. The best fit line has a slop of 0.0021 % which may imply that the returns on investment in Nike will continue to fail. It has 122 observation points and a regression sum of squares at 0.17, which is the sum of squared deviations for the predicted Nike price change compared to its average price change.
Nike September 20, 2019 Technical Indicators
|Risk Adjusted Performance||0.0493|
|Market Risk Adjusted Performance||0.0627|
|Coefficient Of Variation||1972.17|
|Total Risk Alpha||0.0159|
|Value At Risk||(2.67)|
|Expected Short fall||(1.25)|
Nike September 20, 2019 Daily Price Condition
|Daily Balance Of Power||(0.09)|
|Rate Of Daily Change||1.00|
|Day Median Price||87.06|
|Day Typical Price||87.23|
|Price Action Indicator||0.48|