As of the 9th of December, ODP Corp holds the risk adjusted performance of 0.006, and Semi Deviation of 1.97. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of ODP Corp, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for ODP Corp, which can be compared to its competitors. Please check ODP Corp variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if ODP Corp is priced more or less accurately, providing market reflects its current price of 46.94 per share. Given that ODP Corp has jensen alpha of (0.04), we recommend you to check out ODP Corp's recent market performance to make sure the company can sustain itself at some point in the future.
ODP Corp Momentum AnalysisMomentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ODP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ODP ODP Corp'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.
ODP Corp Analyst Consensus
ODP Corp 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.
ODP Corp Technical Analysis
ODP Corp Trend AnalysisUse this graph to draw trend lines for ODP Corp. You can use it to identify possible trend reversals for ODP Corp 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 ODP Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ODP Corp Best Fit Change LineThe following chart estimates an ordinary least squares regression model for ODP Corp applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that ODP Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 5.68, which is the sum of squared deviations for the predicted ODP Corp price change compared to its average price change.
About ODP Corp Technical Analysis
ODP Corp December 9, 2023 Technical Indicators
Most technical analysis of ODP 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 ODP from various momentum indicators to cycle indicators. When you analyze ODP 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.
ODP Corp December 9, 2023 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 ODP 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.When determining whether ODP Corp 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 ODP 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 Odp Corp Stock. Highlighted below are key reports to facilitate an investment decision about Odp Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ODP Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.Note that the ODP Corp information on this page should be used as a complementary analysis to other ODP Corp'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for ODP Stock analysis
When running ODP Corp's price analysis, check to measure ODP Corp'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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.
Is ODP Corp'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 ODP Corp. If investors know ODP 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 ODP Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of ODP Corp is measured differently than its book value, which is the value of ODP that is recorded on the company's balance sheet. Investors also form their own opinion of ODP Corp's value that differs from its market value or its book value, called intrinsic value, which is ODP Corp'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 ODP Corp's market value can be influenced by many factors that don't directly affect ODP Corp'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 ODP Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODP Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODP Corp'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.