Columbus Mckinnon Stock Technical Analysis
CMCO Stock | USD 44.34 0.17 0.38% |
As of the 12th of May 2024, Columbus McKinnon shows the Risk Adjusted Performance of 0.0492, downside deviation of 2.01, and Mean Deviation of 1.27. Columbus McKinnon 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 were able to break down nineteen technical drivers for Columbus McKinnon, which can be compared to its peers. Please confirm Columbus McKinnon information ratio, as well as the relationship between the value at risk and expected short fall to decide if Columbus McKinnon is priced correctly, providing market reflects its regular price of 44.34 per share. Given that Columbus McKinnon has jensen alpha of (0.03), we suggest you to validate Columbus McKinnon's prevailing market performance to make sure the company can sustain itself at a future point.
Columbus McKinnon Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Columbus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ColumbusColumbus |
Columbus McKinnon Analyst Consensus
Target Price | Advice | # of Analysts | |
50.25 | Strong Buy | 4 | Odds |
Most Columbus 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 Columbus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Columbus McKinnon, talking to its executives and customers, or listening to Columbus conference calls.
Columbus McKinnon 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.
Columbus McKinnon Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Columbus McKinnon volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Columbus McKinnon Trend Analysis
Use this graph to draw trend lines for Columbus McKinnon. You can use it to identify possible trend reversals for Columbus McKinnon 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 Columbus McKinnon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Columbus McKinnon Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Columbus McKinnon applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Columbus McKinnon will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.32, which is the sum of squared deviations for the predicted Columbus McKinnon price change compared to its average price change.About Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Columbus McKinnon price pattern first instead of the macroeconomic environment surrounding Columbus McKinnon. By analyzing Columbus McKinnon'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 Columbus McKinnon'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 Columbus McKinnon specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005519 | 0.007535 | 0.008665 | 0.013 | Price To Sales Ratio | 1.31 | 1.14 | 1.02 | 0.54 |
Columbus McKinnon May 12, 2024 Technical Indicators
Most technical analysis of Columbus 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 Columbus from various momentum indicators to cycle indicators. When you analyze Columbus 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 | 0.0492 | |||
Market Risk Adjusted Performance | 0.0667 | |||
Mean Deviation | 1.27 | |||
Semi Deviation | 1.91 | |||
Downside Deviation | 2.01 | |||
Coefficient Of Variation | 1441.08 | |||
Standard Deviation | 1.69 | |||
Variance | 2.87 | |||
Information Ratio | 0.0202 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.09) | |||
Sortino Ratio | 0.017 | |||
Treynor Ratio | 0.0567 | |||
Maximum Drawdown | 9.51 | |||
Value At Risk | (2.45) | |||
Potential Upside | 1.87 | |||
Downside Variance | 4.05 | |||
Semi Variance | 3.64 | |||
Expected Short fall | (1.22) | |||
Skewness | (0.91) | |||
Kurtosis | 1.9 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbus McKinnon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.Note that the Columbus McKinnon information on this page should be used as a complementary analysis to other Columbus McKinnon'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Columbus Stock analysis
When running Columbus McKinnon's price analysis, check to measure Columbus McKinnon'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 Columbus McKinnon is operating at the current time. Most of Columbus McKinnon's value examination focuses on studying past and present price action to predict the probability of Columbus McKinnon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbus McKinnon's price. Additionally, you may evaluate how the addition of Columbus McKinnon to your portfolios can decrease your overall portfolio volatility.
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Is Columbus McKinnon'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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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 (0.19) | Dividend Share 0.28 | Earnings Share 1.68 | Revenue Per Share 34.926 | Quarterly Revenue Growth 0.103 |
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon'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 Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon'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 Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon'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.