Cannae Holdings Stock Technical Analysis
| CNNE Stock | USD 20.77 0.23 1.12% |
As of the 22nd of November, Cannae Holdings shows the Mean Deviation of 1.25, risk adjusted performance of 0.0576, and Downside Deviation of 1.51. Cannae Holdings 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 Cannae Holdings jensen alpha, as well as the relationship between the potential upside and skewness to decide if Cannae Holdings is priced correctly, providing market reflects its regular price of 20.77 per share. Given that Cannae Holdings has jensen alpha of (0), we suggest you to validate Cannae Holdings's prevailing market performance to make sure the company can sustain itself at a future point.
Cannae Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cannae, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CannaeCannae |
Cannae Holdings Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 31.85 | Strong Buy | 3 | Odds |
Most Cannae 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 Cannae stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cannae Holdings, talking to its executives and customers, or listening to Cannae conference calls.
Cannae Holdings 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.
Cannae Holdings 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 Cannae Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cannae Holdings Trend Analysis
Use this graph to draw trend lines for Cannae Holdings. You can use it to identify possible trend reversals for Cannae Holdings 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 Cannae Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cannae Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cannae Holdings applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Cannae Holdings will continue generating value for investors. It has 122 observation points and a regression sum of squares at 31.37, which is the sum of squared deviations for the predicted Cannae Holdings price change compared to its average price change.About Cannae Holdings 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 Cannae Holdings 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 Cannae Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cannae Holdings price pattern first instead of the macroeconomic environment surrounding Cannae Holdings. By analyzing Cannae Holdings'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 Cannae Holdings'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 Cannae Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2020 | 2021 | 2022 | 2024 (projected) | PB Ratio | 1.0 | 0.95 | 0.62 | 1.23 | Capex To Depreciation | 0.4 | 0.28 | 0.32 | 0.25 |
Cannae Holdings November 22, 2024 Technical Indicators
Most technical analysis of Cannae 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 Cannae from various momentum indicators to cycle indicators. When you analyze Cannae 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 | 0.0576 | |||
| Market Risk Adjusted Performance | 0.1049 | |||
| Mean Deviation | 1.25 | |||
| Semi Deviation | 1.4 | |||
| Downside Deviation | 1.51 | |||
| Coefficient Of Variation | 1458.63 | |||
| Standard Deviation | 1.62 | |||
| Variance | 2.61 | |||
| Information Ratio | 8.0E-4 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.0949 | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.13 | |||
| Downside Variance | 2.29 | |||
| Semi Variance | 1.97 | |||
| Expected Short fall | (1.36) | |||
| Skewness | 0.1803 | |||
| Kurtosis | (0.04) |
Complementary Tools for Cannae Stock analysis
When running Cannae Holdings' price analysis, check to measure Cannae Holdings' 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 Cannae Holdings is operating at the current time. Most of Cannae Holdings' value examination focuses on studying past and present price action to predict the probability of Cannae Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannae Holdings' price. Additionally, you may evaluate how the addition of Cannae Holdings to your portfolios can decrease your overall portfolio volatility.
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