Elanco Animal (Germany) Technical Analysis
| 5EA Stock | EUR 12.76 0.30 2.41% |
As of the 4th of December, Elanco Animal shows the Coefficient Of Variation of (2,614), standard deviation of 2.5, and Mean Deviation of 1.71. Elanco Animal Health technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elanco Animal Health mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Elanco Animal Health is priced favorably, providing market reflects its regular price of 12.76 per share.
Elanco Animal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elanco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElancoElanco |
Elanco Animal 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.
Elanco Animal Health Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-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 Elanco Animal Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Elanco Animal Health Trend Analysis
Use this graph to draw trend lines for Elanco Animal Health. You can use it to identify possible trend reversals for Elanco Animal 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 Elanco Animal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elanco Animal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elanco Animal Health applied against its price change over selected period. The best fit line has a slop of 0.0056 , which may suggest that Elanco Animal Health market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.18, which is the sum of squared deviations for the predicted Elanco Animal price change compared to its average price change.About Elanco Animal 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 Elanco Animal Health 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 Elanco Animal Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elanco Animal Health price pattern first instead of the macroeconomic environment surrounding Elanco Animal Health. By analyzing Elanco Animal'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 Elanco Animal'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 Elanco Animal specific price patterns or momentum indicators. Please read more on our technical analysis page.
Elanco Animal December 4, 2024 Technical Indicators
Most technical analysis of Elanco 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 Elanco from various momentum indicators to cycle indicators. When you analyze Elanco 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.08) | |||
| Mean Deviation | 1.71 | |||
| Coefficient Of Variation | (2,614) | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.26 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.09) | |||
| Maximum Drawdown | 13.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.07 | |||
| Skewness | 0.6348 | |||
| Kurtosis | 2.77 |
Complementary Tools for Elanco Stock analysis
When running Elanco Animal's price analysis, check to measure Elanco Animal'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 Elanco Animal is operating at the current time. Most of Elanco Animal's value examination focuses on studying past and present price action to predict the probability of Elanco Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elanco Animal's price. Additionally, you may evaluate how the addition of Elanco Animal to your portfolios can decrease your overall portfolio volatility.
| CEOs Directory Screen CEOs from public companies around the world | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stocks Directory Find actively traded stocks across global markets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |