Usana Health Sciences Stock Momentum Indicators Average Directional Movement Index Rating
| USNA Stock | USD 39.90 0.54 1.37% |
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The output start index for this execution was seven with a total number of output elements of fifty-four. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of USANA Health Sciences is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret USANA Health ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.
USANA Health Technical Analysis Modules
Most technical analysis of USANA Health 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 USANA from various momentum indicators to cycle indicators. When you analyze USANA charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About USANA Health Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of USANA Health Sciences. We use our internally-developed statistical techniques to arrive at the intrinsic value of USANA Health Sciences based on widely used predictive technical indicators. In general, we focus on analyzing USANA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build USANA Health's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of USANA Health's intrinsic value. In addition to deriving basic predictive indicators for USANA Health, we also check how macroeconomic factors affect USANA Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2016 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 6.18 | 2.64 | 2.37 | 3.17 | PTB Ratio | 4.61 | 2.36 | 2.71 | 2.58 |
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USANA Health Sciences pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if USANA Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in USANA Health will appreciate offsetting losses from the drop in the long position's value.USANA Health Pair Trading
USANA Health Sciences Pair Trading Analysis
The ability to find closely correlated positions to USANA Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace USANA Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back USANA Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling USANA Health Sciences to buy it.
The correlation of USANA Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as USANA Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if USANA Health Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for USANA Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in USANA Health Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Personal Care Products space 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 USANA Health. If investors know USANA 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 USANA Health 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 (0.06) | Earnings Share 2.83 | Revenue Per Share 45.085 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0809 |
The market value of USANA Health Sciences is measured differently than its book value, which is the value of USANA that is recorded on the company's balance sheet. Investors also form their own opinion of USANA Health's value that differs from its market value or its book value, called intrinsic value, which is USANA Health'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 USANA Health's market value can be influenced by many factors that don't directly affect USANA Health'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 USANA Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if USANA Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, USANA Health'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.