Anthem Inc Stock Technical Analysis
| ANTMDelisted Stock | USD 482.58 13.05 2.78% |
As of the 24th of April, Anthem shows the Standard Deviation of 1.74, mean deviation of 1.35, and Risk Adjusted Performance of (0.02). Anthem Inc 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 interpolate and analyze data for thirteen technical drivers for Anthem Inc, which can be compared to its peers. Please confirm Anthem Inc market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Anthem Inc is priced correctly, providing market reflects its regular price of 482.58 per share. Given that Anthem has information ratio of (0.10), we suggest you to validate Anthem Inc's prevailing market performance to make sure the company can sustain itself at a future point.
Anthem Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Anthem, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AnthemAnthem |
Anthem 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, delisted stock market cycles, or different charting patterns.
Anthem Inc Technical Analysis
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Anthem Inc Trend Analysis
Use this graph to draw trend lines for Anthem Inc. You can use it to identify possible trend reversals for Anthem 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 Anthem price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Anthem Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Anthem Inc applied against its price change over selected period. The best fit line has a slop of 0.86 , which may suggest that Anthem Inc market price will keep on failing further. It has 108 observation points and a regression sum of squares at 19318.33, which is the sum of squared deviations for the predicted Anthem price change compared to its average price change.About Anthem 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 Anthem Inc 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 Anthem Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Anthem Inc price pattern first instead of the macroeconomic environment surrounding Anthem Inc. By analyzing Anthem'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 Anthem'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 Anthem specific price patterns or momentum indicators. Please read more on our technical analysis page.
Anthem April 24, 2024 Technical Indicators
Most technical analysis of Anthem 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 Anthem from various momentum indicators to cycle indicators. When you analyze Anthem 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.12) | |||
| Mean Deviation | 1.35 | |||
| Coefficient Of Variation | (2,007) | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.03 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.13) | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 2.69 | |||
| Skewness | (0.39) | |||
| Kurtosis | 0.1515 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Anthem Stock
If you are still planning to invest in Anthem Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Anthem's history and understand the potential risks before investing.
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