Better Choice Stock Technical Analysis
| BTTR Stock | USD 1.89 0.09 5.00% |
As of the 26th of November, Better Choice shows the Risk Adjusted Performance of (0.04), standard deviation of 7.53, and Mean Deviation of 5.8. Better Choice 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 Better Choice market risk adjusted performance and treynor ratio to decide if Better Choice is priced correctly, providing market reflects its regular price of 1.89 per share. Please also double-check Better Choice jensen alpha, which is currently at (0.82) to validate the company can sustain itself at a future point.
Better Choice Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Better, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BetterBetter |
Better Choice Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 3.5 | Strong Buy | 1 | Odds |
Most Better analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Better stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Better Choice, talking to its executives and customers, or listening to Better conference calls.
Better Choice 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.
Better Choice Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Better Choice volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Better Choice Trend Analysis
Use this graph to draw trend lines for Better Choice. You can use it to identify possible trend reversals for Better Choice 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 Better Choice price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Better Choice Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Better Choice applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Better Choice market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.32, which is the sum of squared deviations for the predicted Better Choice price change compared to its average price change.About Better Choice 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 Better Choice 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 Better Choice based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Better Choice price pattern first instead of the macroeconomic environment surrounding Better Choice. By analyzing Better Choice'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 Better Choice'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 Better Choice specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 6.73 | 13.44 | 3.87 | 3.11 | Days Of Inventory On Hand | 62.49 | 95.02 | 90.05 | 85.55 |
Better Choice November 26, 2024 Technical Indicators
Most technical analysis of Better 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 Better from various momentum indicators to cycle indicators. When you analyze Better 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 | (0.04) | |||
| Market Risk Adjusted Performance | (0.21) | |||
| Mean Deviation | 5.8 | |||
| Coefficient Of Variation | (1,449) | |||
| Standard Deviation | 7.53 | |||
| Variance | 56.63 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.82) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (0.22) | |||
| Maximum Drawdown | 33.95 | |||
| Value At Risk | (12.38) | |||
| Potential Upside | 9.94 | |||
| Skewness | 0.2088 | |||
| Kurtosis | 0.9605 |
Additional Tools for Better Stock Analysis
When running Better Choice's price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.