Enovis Corp Stock Technical Analysis
ENOV Stock | USD 48.27 1.60 3.43% |
As of the 26th of November, Enovis Corp shows the Downside Deviation of 1.83, coefficient of variation of 1970.03, and Mean Deviation of 1.67. Enovis Corp 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 Enovis Corp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Enovis Corp is priced favorably, providing market reflects its regular price of 48.27 per share. Given that Enovis Corp has jensen alpha of (0.12), we urge you to verify Enovis Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Enovis Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Enovis, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EnovisEnovis |
Enovis Corp Analyst Consensus
Target Price | Advice | # of Analysts | |
70.0 | Strong Buy | 11 | Odds |
Most Enovis 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 Enovis stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Enovis Corp, talking to its executives and customers, or listening to Enovis conference calls.
Enovis Corp 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.
Enovis Corp Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 Enovis Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Enovis Corp Trend Analysis
Use this graph to draw trend lines for Enovis Corp. You can use it to identify possible trend reversals for Enovis Corp 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 Enovis Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Enovis Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Enovis Corp applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Enovis Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 60.72, which is the sum of squared deviations for the predicted Enovis Corp price change compared to its average price change.About Enovis Corp 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 Enovis Corp 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 Enovis Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Enovis Corp price pattern first instead of the macroeconomic environment surrounding Enovis Corp. By analyzing Enovis Corp'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 Enovis Corp'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 Enovis Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.001238 | 0.001176 | Price To Sales Ratio | 1.09 | 0.64 |
Enovis Corp November 26, 2024 Technical Indicators
Most technical analysis of Enovis 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 Enovis from various momentum indicators to cycle indicators. When you analyze Enovis 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 | 0.0454 | |||
Market Risk Adjusted Performance | 0.0647 | |||
Mean Deviation | 1.67 | |||
Semi Deviation | 1.77 | |||
Downside Deviation | 1.83 | |||
Coefficient Of Variation | 1970.03 | |||
Standard Deviation | 2.18 | |||
Variance | 4.76 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.24) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0547 | |||
Maximum Drawdown | 11.3 | |||
Value At Risk | (3.00) | |||
Potential Upside | 3.83 | |||
Downside Variance | 3.35 | |||
Semi Variance | 3.14 | |||
Expected Short fall | (1.95) | |||
Skewness | 0.8364 | |||
Kurtosis | 1.89 |
Enovis Corp November 26, 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 Enovis 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 | 23,432 | ||
Daily Balance Of Power | 1.06 | ||
Rate Of Daily Change | 1.03 | ||
Day Median Price | 48.01 | ||
Day Typical Price | 48.09 | ||
Price Action Indicator | 1.07 |
Additional Tools for Enovis Stock Analysis
When running Enovis Corp's price analysis, check to measure Enovis Corp'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 Enovis Corp is operating at the current time. Most of Enovis Corp's value examination focuses on studying past and present price action to predict the probability of Enovis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovis Corp's price. Additionally, you may evaluate how the addition of Enovis Corp to your portfolios can decrease your overall portfolio volatility.