As of the 3rd of October, Phillips holds the Semi Deviation of 1.85, coefficient of variation of 1496.05, and Risk Adjusted Performance of 0.0726. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Phillips, 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 are able to interpolate and collect nineteen technical drivers for Phillips 66, which can be compared to its competitors. Please check Phillips 66 downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if Phillips 66 is priced some-what accurately, providing market reflects its current price of 119.02 per share. Given that Phillips has jensen alpha of 0.1445, we recommend you to check out Phillips 66's recent market performance to make sure the company can sustain itself at a future point.
Phillips Momentum AnalysisMomentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Phillips, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Phillips Phillips' 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.
Phillips Analyst Consensus
Phillips 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.
Phillips 66 Technical Analysis
Phillips 66 Trend AnalysisUse this graph to draw trend lines for Phillips 66. You can use it to identify possible trend reversals for Phillips 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 Phillips price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Phillips Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Phillips 66 applied against its price change over selected period. The best fit line has a slop of 0.08 , which may imply that Phillips 66 will maintain its good market sentiment and make money for investors. It has 562 observation points and a regression sum of squares at 24778.64, which is the sum of squared deviations for the predicted Phillips price change compared to its average price change.
About Phillips Technical Analysis
Phillips October 3, 2023 Technical Indicators
Most technical analysis of Phillips 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 Phillips from various momentum indicators to cycle indicators. When you analyze Phillips 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.
Phillips October 3, 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 Phillips 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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Phillips Stock analysis
When running Phillips' price analysis, check to measure Phillips' 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 Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.
Is Phillips' 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 Phillips. If investors know Phillips 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 Phillips 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
Revenue Per Share
Quarterly Revenue Growth
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.