Caesarstone Stock Technical Analysis
| CSTE Stock | USD 6.47 0.33 5.37% |
As of the 24th of April, Caesarstone shows the risk adjusted performance of 0.1184, and Mean Deviation of 3.19. Caesarstone 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 nineteen technical drivers for Caesarstone, which can be compared to its peers. Please confirm Caesarstone jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Caesarstone is priced correctly, providing market reflects its regular price of 6.47 per share. Given that Caesarstone has jensen alpha of 0.7174, we suggest you to validate Caesarstone's prevailing market performance to make sure the company can sustain itself at a future point.
Caesarstone Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Caesarstone, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CaesarstoneCaesarstone |
Caesarstone 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.
Caesarstone Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Caesarstone volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Caesarstone Trend Analysis
Use this graph to draw trend lines for Caesarstone. You can use it to identify possible trend reversals for Caesarstone 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 Caesarstone price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Caesarstone Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Caesarstone applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Caesarstone will continue generating value for investors. It has 122 observation points and a regression sum of squares at 30.53, which is the sum of squared deviations for the predicted Caesarstone price change compared to its average price change.About Caesarstone 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 Caesarstone 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 Caesarstone based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Caesarstone price pattern first instead of the macroeconomic environment surrounding Caesarstone. By analyzing Caesarstone'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 Caesarstone'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 Caesarstone specific price patterns or momentum indicators. Please read more on our technical analysis page.
Caesarstone April 24, 2024 Technical Indicators
Most technical analysis of Caesarstone 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 Caesarstone from various momentum indicators to cycle indicators. When you analyze Caesarstone 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 | 0.1184 | |||
| Market Risk Adjusted Performance | 0.7885 | |||
| Mean Deviation | 3.19 | |||
| Semi Deviation | 3.28 | |||
| Downside Deviation | 3.91 | |||
| Coefficient Of Variation | 568.21 | |||
| Standard Deviation | 4.63 | |||
| Variance | 21.48 | |||
| Information Ratio | 0.1554 | |||
| Jensen Alpha | 0.7174 | |||
| Total Risk Alpha | 0.1716 | |||
| Sortino Ratio | 0.1841 | |||
| Treynor Ratio | 0.7785 | |||
| Maximum Drawdown | 34.52 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 7.91 | |||
| Downside Variance | 15.3 | |||
| Semi Variance | 10.77 | |||
| Expected Short fall | (4.24) | |||
| Skewness | 0.3933 | |||
| Kurtosis | 5.39 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caesarstone. 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. For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Caesarstone Stock analysis
When running Caesarstone's price analysis, check to measure Caesarstone'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 Caesarstone is operating at the current time. Most of Caesarstone's value examination focuses on studying past and present price action to predict the probability of Caesarstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caesarstone's price. Additionally, you may evaluate how the addition of Caesarstone to your portfolios can decrease your overall portfolio volatility.
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Is Caesarstone'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 Caesarstone. If investors know Caesarstone 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 Caesarstone 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 Caesarstone is measured differently than its book value, which is the value of Caesarstone that is recorded on the company's balance sheet. Investors also form their own opinion of Caesarstone's value that differs from its market value or its book value, called intrinsic value, which is Caesarstone'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 Caesarstone's market value can be influenced by many factors that don't directly affect Caesarstone'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 Caesarstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caesarstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caesarstone'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.