Choiceone Financial Services Stock Technical Analysis
| COFS Stock | USD 36.75 0.25 0.68% |
As of the 22nd of November, ChoiceOne Financial shows the Downside Deviation of 1.13, risk adjusted performance of 0.1693, and Mean Deviation of 1.38. ChoiceOne Financial 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 ChoiceOne Financial coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if ChoiceOne Financial is priced correctly, providing market reflects its regular price of 36.75 per share. Given that ChoiceOne Financial has jensen alpha of 0.2923, we suggest you to validate ChoiceOne Financial Services's prevailing market performance to make sure the company can sustain itself at a future point.
ChoiceOne 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 ChoiceOne, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ChoiceOneChoiceOne |
ChoiceOne Financial Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 24.0 | Strong Buy | 1 | Odds |
Most ChoiceOne 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 ChoiceOne stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ChoiceOne Financial, talking to its executives and customers, or listening to ChoiceOne conference calls.
ChoiceOne 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.
ChoiceOne Financial Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 ChoiceOne Financial volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ChoiceOne Financial Trend Analysis
Use this graph to draw trend lines for ChoiceOne Financial Services. You can use it to identify possible trend reversals for ChoiceOne 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 ChoiceOne Financial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ChoiceOne Financial Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ChoiceOne Financial Services applied against its price change over selected period. The best fit line has a slop of 0.11 , which means ChoiceOne Financial Services will continue generating value for investors. It has 122 observation points and a regression sum of squares at 434.74, which is the sum of squared deviations for the predicted ChoiceOne Financial price change compared to its average price change.About ChoiceOne 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 ChoiceOne Financial Services 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 ChoiceOne Financial Services based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ChoiceOne Financial price pattern first instead of the macroeconomic environment surrounding ChoiceOne Financial. By analyzing ChoiceOne 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 ChoiceOne 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 ChoiceOne Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0354 | 0.0348 | 0.0358 | 0.0281 | Price To Sales Ratio | 2.55 | 2.67 | 2.74 | 2.6 |
ChoiceOne Financial November 22, 2024 Technical Indicators
Most technical analysis of ChoiceOne 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 ChoiceOne from various momentum indicators to cycle indicators. When you analyze ChoiceOne 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 | 0.1693 | |||
| Market Risk Adjusted Performance | 0.3047 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 0.7387 | |||
| Downside Deviation | 1.13 | |||
| Coefficient Of Variation | 468.19 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.46 | |||
| Information Ratio | 0.1618 | |||
| Jensen Alpha | 0.2923 | |||
| Total Risk Alpha | 0.1657 | |||
| Sortino Ratio | 0.3031 | |||
| Treynor Ratio | 0.2947 | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 4.9 | |||
| Downside Variance | 1.27 | |||
| Semi Variance | 0.5457 | |||
| Expected Short fall | (1.91) | |||
| Skewness | 2.18 | |||
| Kurtosis | 6.69 |
ChoiceOne Financial November 22, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ChoiceOne stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 677.36 | ||
| Daily Balance Of Power | 0.37 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 36.79 | ||
| Day Typical Price | 36.78 | ||
| Price Action Indicator | 0.08 |
Additional Tools for ChoiceOne Stock Analysis
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne 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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne 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 ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.