Chemung Financial Corp Stock Technical Analysis
| CHMG Stock | USD 43.50 0.30 0.68% |
As of the 26th of April, Chemung Financial shows the risk adjusted performance of (0.04), and Mean Deviation of 1.06. Chemung Financial Corp 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 have collected data for thirteen technical drivers for Chemung Financial Corp, which can be compared to its peers. Please confirm Chemung Financial Corp market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Chemung Financial Corp is priced correctly, providing market reflects its regular price of 43.5 per share. Given that Chemung Financial has information ratio of (0.12), we suggest you to validate Chemung Financial Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Chemung Financial Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Chemung, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ChemungChemung |
Chemung Financial 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.
Chemung Financial Corp Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Chemung Financial Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Chemung Financial Corp Trend Analysis
Use this graph to draw trend lines for Chemung Financial Corp. You can use it to identify possible trend reversals for Chemung Financial 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 Chemung Financial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Chemung Financial Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Chemung Financial Corp applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Chemung Financial Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 92.57, which is the sum of squared deviations for the predicted Chemung Financial price change compared to its average price change.About Chemung Financial 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 Chemung Financial Corp 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 Chemung Financial Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Chemung Financial Corp price pattern first instead of the macroeconomic environment surrounding Chemung Financial Corp. By analyzing Chemung Financial'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 Chemung Financial'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 Chemung Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.
Chemung Financial April 26, 2024 Technical Indicators
Most technical analysis of Chemung 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 Chemung from various momentum indicators to cycle indicators. When you analyze Chemung 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 | (0.04) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 1.06 | |||
| Coefficient Of Variation | (1,412) | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.32 | |||
| Skewness | 3.27 | |||
| Kurtosis | 18.81 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Chemung Stock analysis
When running Chemung Financial's price analysis, check to measure Chemung Financial'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 Chemung Financial is operating at the current time. Most of Chemung Financial's value examination focuses on studying past and present price action to predict the probability of Chemung Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemung Financial's price. Additionally, you may evaluate how the addition of Chemung Financial to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Chemung Financial'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 Chemung Financial. If investors know Chemung 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 Chemung Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Chemung Financial Corp is measured differently than its book value, which is the value of Chemung that is recorded on the company's balance sheet. Investors also form their own opinion of Chemung Financial's value that differs from its market value or its book value, called intrinsic value, which is Chemung Financial'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 Chemung Financial's market value can be influenced by many factors that don't directly affect Chemung Financial'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 Chemung Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemung Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemung Financial'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.