Charles River Laboratories Stock Technical Analysis
| CRL Stock | USD 195.77 1.58 0.81% |
As of the 24th of November, Charles River shows the risk adjusted performance of 0.0037, and Mean Deviation of 1.68. Charles River Labora 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 Charles River Labora risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Charles River Labora is priced correctly, providing market reflects its regular price of 195.77 per share. Given that Charles River has information ratio of (0.06), we suggest you to validate Charles River Laboratories's prevailing market performance to make sure the company can sustain itself at a future point.
Charles River Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Charles, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CharlesCharles |
Charles River Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 236.08 | Buy | 21 | Odds |
Most Charles 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 Charles stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Charles River Labora, talking to its executives and customers, or listening to Charles conference calls.
Charles River 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.
Charles River Labora Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Charles River Labora volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Charles River Labora Trend Analysis
Use this graph to draw trend lines for Charles River Laboratories. You can use it to identify possible trend reversals for Charles River 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 Charles River price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Charles River Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Charles River Laboratories applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that the returns on investment in Charles River Laboratories will continue to fail. It has 122 observation points and a regression sum of squares at 13.87, which is the sum of squared deviations for the predicted Charles River price change compared to its average price change.About Charles River 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 Charles River Laboratories 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 Charles River Laboratories based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Charles River Labora price pattern first instead of the macroeconomic environment surrounding Charles River Labora. By analyzing Charles River'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 Charles River'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 Charles River specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 5.46E-4 | 8.54E-4 | Price To Sales Ratio | 2.51 | 2.05 |
Charles River November 24, 2024 Technical Indicators
Most technical analysis of Charles 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 Charles from various momentum indicators to cycle indicators. When you analyze Charles 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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| Risk Adjusted Performance | 0.0037 | |||
| Market Risk Adjusted Performance | 0.0016 | |||
| Mean Deviation | 1.68 | |||
| Coefficient Of Variation | (23,039) | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.55 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 18.19 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 2.78 | |||
| Skewness | 2.02 | |||
| Kurtosis | 11.16 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles River Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Charles River. If investors know Charles will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Charles River listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Earnings Share 8.01 | Revenue Per Share 78.97 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0487 |
The market value of Charles River Labora is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles River's value that differs from its market value or its book value, called intrinsic value, which is Charles River's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Charles River's market value can be influenced by many factors that don't directly affect Charles River's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Charles River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles River's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.