Cencora Stock Technical Analysis
| COR Stock | USD 245.02 0.67 0.27% |
As of the 22nd of November, Cencora shows the Downside Deviation of 1.24, mean deviation of 0.8839, and Risk Adjusted Performance of 0.0345. Cencora 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 Cencora coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Cencora is priced correctly, providing market reflects its regular price of 245.02 per share. Given that Cencora has jensen alpha of (0.02), we suggest you to validate Cencora's prevailing market performance to make sure the company can sustain itself at a future point.
Cencora Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cencora, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CencoraCencora |
Cencora Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 209.69 | Buy | 18 | Odds |
Most Cencora 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 Cencora stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cencora, talking to its executives and customers, or listening to Cencora conference calls.
Cencora 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.
Cencora 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 Cencora volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cencora Trend Analysis
Use this graph to draw trend lines for Cencora. You can use it to identify possible trend reversals for Cencora 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 Cencora price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cencora Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cencora applied against its price change over selected period. The best fit line has a slop of 0.18 , which may imply that Cencora will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1223.64, which is the sum of squared deviations for the predicted Cencora price change compared to its average price change.About Cencora 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 Cencora 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 Cencora based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cencora price pattern first instead of the macroeconomic environment surrounding Cencora. By analyzing Cencora'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 Cencora'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 Cencora specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 5.73 | 5.52 | 5.58 | 8.16 | Days Of Inventory On Hand | 24.66 | 25.16 | 25.92 | 37.87 |
Cencora November 22, 2024 Technical Indicators
Most technical analysis of Cencora 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 Cencora from various momentum indicators to cycle indicators. When you analyze Cencora 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 | 0.0345 | |||
| Market Risk Adjusted Performance | 0.0763 | |||
| Mean Deviation | 0.8839 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.24 | |||
| Coefficient Of Variation | 2503.55 | |||
| Standard Deviation | 1.28 | |||
| Variance | 1.64 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0663 | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.73 | |||
| Downside Variance | 1.53 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (0.88) | |||
| Skewness | 0.6991 | |||
| Kurtosis | 3.45 |
Cencora 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 Cencora 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 | 11,143 | ||
| Daily Balance Of Power | (0.23) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 246.10 | ||
| Day Typical Price | 245.74 | ||
| Price Action Indicator | (1.41) |
Additional Tools for Cencora Stock Analysis
When running Cencora's price analysis, check to measure Cencora'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 Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.