Six Flags Entertainment Stock Technical Analysis
| FUN Stock | USD 45.30 0.80 1.74% |
As of the 21st of November, Six Flags has the Risk Adjusted Performance of 0.0378, coefficient of variation of 2421.26, and Semi Deviation of 2.08. Six Flags technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.
Six Flags Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Six, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SixSix |
Six Flags Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 48.3 | Strong Buy | 11 | Odds |
Most Six 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 Six stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Six Flags Entertainment, talking to its executives and customers, or listening to Six conference calls.
Six Flags 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.
Six Flags Entertainment Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Six Flags Entertainment volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Six Flags Entertainment Trend Analysis
Use this graph to draw trend lines for Six Flags Entertainment. You can use it to identify possible trend reversals for Six Flags 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 Six Flags price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Six Flags Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Six Flags Entertainment applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that Six Flags Entertainment will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 117.53, which is the sum of squared deviations for the predicted Six Flags price change compared to its average price change.About Six Flags 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 Six Flags Entertainment 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 Six Flags Entertainment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Six Flags Entertainment price pattern first instead of the macroeconomic environment surrounding Six Flags Entertainment. By analyzing Six Flags'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 Six Flags'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 Six Flags specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2020 | 2023 | 2024 (projected) | Dividend Yield | 0.0239 | 0.0301 | 0.0286 | Price To Sales Ratio | 12.24 | 1.13 | 1.07 |
Six Flags November 21, 2024 Technical Indicators
Most technical analysis of Six 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 Six from various momentum indicators to cycle indicators. When you analyze Six 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0378 | |||
| Market Risk Adjusted Performance | 0.0681 | |||
| Mean Deviation | 1.75 | |||
| Semi Deviation | 2.08 | |||
| Downside Deviation | 2.17 | |||
| Coefficient Of Variation | 2421.26 | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.18 | |||
| Information Ratio | (0.0006) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 0.0581 | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.54 | |||
| Downside Variance | 4.71 | |||
| Semi Variance | 4.33 | |||
| Expected Short fall | (1.90) | |||
| Skewness | 0.2375 | |||
| Kurtosis | 0.6237 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Hotels, Restaurants & Leisure 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 Six Flags. If investors know Six 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 Six Flags 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 (0.74) | Dividend Share 0.3 | Earnings Share 2.4 | Revenue Per Share 38.014 | Quarterly Revenue Growth 0.601 |
The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' 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 Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' 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 Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' 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.