Array Technologiesinc Stock Technical Analysis
ARRY Stock | USD 15.10 0.98 6.94% |
As of the 28th of March, Array TechnologiesInc shows the Standard Deviation of 3.47, mean deviation of 2.7, and Risk Adjusted Performance of (0.02). Array TechnologiesInc 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 data for thirteen technical drivers for Array TechnologiesInc, which can be compared to its rivals. Please confirm Array TechnologiesInc information ratio and kurtosis to decide if Array TechnologiesInc is priced correctly, providing market reflects its regular price of 15.1 per share. Given that Array TechnologiesInc has information ratio of (0.08), we suggest you to validate Array TechnologiesInc's prevailing market performance to make sure the company can sustain itself at a future point.
Array TechnologiesInc Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Array, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ArrayArray |
Array TechnologiesInc Analyst Consensus
Target Price | Advice | # of Analysts | |
29.64 | Buy | 26 | Odds |
Most Array 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 Array stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Array TechnologiesInc, talking to its executives and customers, or listening to Array conference calls.
Array TechnologiesInc 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.
Array TechnologiesInc Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Array TechnologiesInc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Array TechnologiesInc Trend Analysis
Use this graph to draw trend lines for Array TechnologiesInc. You can use it to identify possible trend reversals for Array TechnologiesInc 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 Array TechnologiesInc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Array TechnologiesInc Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Array TechnologiesInc applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Array TechnologiesInc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 39.66, which is the sum of squared deviations for the predicted Array TechnologiesInc price change compared to its average price change.About Array TechnologiesInc 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 Array TechnologiesInc 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 Array TechnologiesInc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Array TechnologiesInc price pattern first instead of the macroeconomic environment surrounding Array TechnologiesInc. By analyzing Array TechnologiesInc'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 Array TechnologiesInc'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 Array TechnologiesInc specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.003948 | 0.006447 | 0.007414 | 0.007043 | Price To Sales Ratio | 2.39 | 1.77 | 1.61 | 1.53 |
Array TechnologiesInc March 28, 2024 Technical Indicators
Most technical analysis of Array 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 Array from various momentum indicators to cycle indicators. When you analyze Array 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 | (0.04) | |||
Mean Deviation | 2.7 | |||
Coefficient Of Variation | (2,362) | |||
Standard Deviation | 3.47 | |||
Variance | 12.01 | |||
Information Ratio | (0.08) | |||
Jensen Alpha | (0.54) | |||
Total Risk Alpha | (0.93) | |||
Treynor Ratio | (0.05) | |||
Maximum Drawdown | 16.69 | |||
Value At Risk | (5.80) | |||
Potential Upside | 6.7 | |||
Skewness | 0.1202 | |||
Kurtosis | 0.2075 |
Array TechnologiesInc March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Array stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 351,313 | ||
Daily Balance Of Power | 0.92 | ||
Rate Of Daily Change | 1.07 | ||
Day Median Price | 14.72 | ||
Day Typical Price | 14.85 | ||
Price Action Indicator | 0.87 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Is Array TechnologiesInc'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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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 (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.