Costar Group Stock Technical Analysis

CSGP Stock  USD 97.23  1.01  1.05%   
As of the 28th of March, CoStar shows the mean deviation of 1.3, and Risk Adjusted Performance of 0.0582. CoStar Group 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 analyze and collect data for nineteen technical drivers for CoStar Group, which can be compared to its rivals. Please confirm CoStar Group variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if CoStar Group is priced correctly, providing market reflects its regular price of 97.23 per share. Given that CoStar has jensen alpha of 0.0307, we suggest you to validate CoStar Group's prevailing market performance to make sure the company can sustain itself at a future point.

CoStar Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CoStar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CoStar
  
CoStar's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

CoStar Analyst Consensus

Target PriceAdvice# of Analysts
98.08Strong Buy16Odds
CoStar Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most CoStar 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 CoStar stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CoStar Group, talking to its executives and customers, or listening to CoStar conference calls.
CoStar Analyst Advice Details
CoStar 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.
A focus of CoStar technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CoStar trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

CoStar Group Technical Analysis

Indicator
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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 CoStar Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

CoStar Group Trend Analysis

Use this graph to draw trend lines for CoStar Group. You can use it to identify possible trend reversals for CoStar 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 CoStar price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

CoStar Best Fit Change Line

The following chart estimates an ordinary least squares regression model for CoStar Group applied against its price change over selected period. The best fit line has a slop of   0.21  , which means CoStar Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1702.51, which is the sum of squared deviations for the predicted CoStar price change compared to its average price change.

About CoStar 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 CoStar Group 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 CoStar Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CoStar Group price pattern first instead of the macroeconomic environment surrounding CoStar Group. By analyzing CoStar'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 CoStar'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 CoStar specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield7.55E-48.68E-48.24E-4
Price To Sales Ratio15.9414.4315.15

CoStar March 28, 2024 Technical Indicators

Most technical analysis of CoStar 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 CoStar from various momentum indicators to cycle indicators. When you analyze CoStar 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.
When determining whether CoStar Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CoStar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Costar Group Stock. Highlighted below are key reports to facilitate an investment decision about Costar Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoStar Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the CoStar Group information on this page should be used as a complementary analysis to other CoStar'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for CoStar Stock analysis

When running CoStar's price analysis, check to measure CoStar'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 CoStar is operating at the current time. Most of CoStar's value examination focuses on studying past and present price action to predict the probability of CoStar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoStar's price. Additionally, you may evaluate how the addition of CoStar to your portfolios can decrease your overall portfolio volatility.
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Is CoStar'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 CoStar. If investors know CoStar 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 CoStar 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
(0.23)
Earnings Share
0.92
Revenue Per Share
6.057
Quarterly Revenue Growth
0.116
Return On Assets
0.0204
The market value of CoStar Group is measured differently than its book value, which is the value of CoStar that is recorded on the company's balance sheet. Investors also form their own opinion of CoStar's value that differs from its market value or its book value, called intrinsic value, which is CoStar'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 CoStar's market value can be influenced by many factors that don't directly affect CoStar'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 CoStar's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoStar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoStar'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.