Elme Communities Stock Technical Analysis
| ELME Stock | USD 16.40 0.24 1.49% |
As of the 26th of November, Elme Communities shows the Standard Deviation of 1.25, mean deviation of 0.9453, and Variance of 1.57. Elme Communities technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elme Communities variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Elme Communities is priced favorably, providing market reflects its regular price of 16.4 per share. Given that Elme Communities has information ratio of (0.15), we urge you to verify Elme Communities's prevailing market performance to make sure the company can sustain itself at a future point.
Elme Communities Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elme, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElmeElme |
Elme Communities Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 16.25 | Buy | 5 | Odds |
Most Elme 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 Elme stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Elme Communities, talking to its executives and customers, or listening to Elme conference calls.
Elme Communities 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.
Elme Communities 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 Elme Communities volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Elme Communities Trend Analysis
Use this graph to draw trend lines for Elme Communities. You can use it to identify possible trend reversals for Elme Communities 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 Elme Communities price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elme Communities Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elme Communities applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Elme Communities market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22.48, which is the sum of squared deviations for the predicted Elme Communities price change compared to its average price change.About Elme Communities 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 Elme Communities 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 Elme Communities based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elme Communities price pattern first instead of the macroeconomic environment surrounding Elme Communities. By analyzing Elme Communities'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 Elme Communities'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 Elme Communities specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0415 | 0.0382 | 0.0502 | 0.0573 | Price To Sales Ratio | 12.92 | 7.43 | 5.62 | 8.47 |
Elme Communities November 26, 2024 Technical Indicators
Most technical analysis of Elme 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 Elme from various momentum indicators to cycle indicators. When you analyze Elme 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 0.9453 | |||
| Coefficient Of Variation | (2,364) | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.57 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.31 | |||
| Skewness | 0.2906 | |||
| Kurtosis | (0.05) |
Complementary Tools for Elme Stock analysis
When running Elme Communities' price analysis, check to measure Elme Communities' 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 Elme Communities is operating at the current time. Most of Elme Communities' value examination focuses on studying past and present price action to predict the probability of Elme Communities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elme Communities' price. Additionally, you may evaluate how the addition of Elme Communities to your portfolios can decrease your overall portfolio volatility.
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