Alerus Financial Corp Stock Technical Analysis
| ALRS Stock | USD 21.89 0.09 0.41% |
As of the 29th of November, Alerus Financial shows the risk adjusted performance of 0.0096, and Mean Deviation of 1.55. Alerus Financial Corp 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. Please confirm Alerus Financial Corp standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Alerus Financial Corp is priced correctly, providing market reflects its regular price of 21.89 per share. Given that Alerus Financial has jensen alpha of (0.05), we suggest you to validate Alerus Financial Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Alerus Financial Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alerus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlerusAlerus |
Alerus Financial 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.
Alerus Financial Corp 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 Alerus Financial Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alerus Financial Corp Trend Analysis
Use this graph to draw trend lines for Alerus Financial Corp. You can use it to identify possible trend reversals for Alerus Financial 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 Alerus Financial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alerus Financial Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alerus Financial Corp applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Alerus Financial Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.65, which is the sum of squared deviations for the predicted Alerus Financial price change compared to its average price change.About Alerus Financial 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 Alerus Financial Corp 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 Alerus Financial Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alerus Financial Corp price pattern first instead of the macroeconomic environment surrounding Alerus Financial Corp. By analyzing Alerus Financial'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 Alerus Financial'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 Alerus Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.
Alerus Financial November 29, 2024 Technical Indicators
Most technical analysis of Alerus 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 Alerus from various momentum indicators to cycle indicators. When you analyze Alerus 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0096 | |||
| Market Risk Adjusted Performance | 0.0067 | |||
| Mean Deviation | 1.55 | |||
| Semi Deviation | 3.01 | |||
| Downside Deviation | 3.17 | |||
| Coefficient Of Variation | 29567.08 | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.51 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.87 | |||
| Downside Variance | 10.07 | |||
| Semi Variance | 9.05 | |||
| Expected Short fall | (1.51) | |||
| Skewness | (2.32) | |||
| Kurtosis | 13.54 |
Additional Tools for Alerus Stock Analysis
When running Alerus Financial's price analysis, check to measure Alerus Financial'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 Alerus Financial is operating at the current time. Most of Alerus Financial's value examination focuses on studying past and present price action to predict the probability of Alerus Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alerus Financial's price. Additionally, you may evaluate how the addition of Alerus Financial to your portfolios can decrease your overall portfolio volatility.