Patrick Industries (Germany) Technical Analysis
| PK2 Stock | EUR 83.00 1.50 1.84% |
As of the 16th of January 2025, Patrick Industries holds the Risk Adjusted Performance of (0.02), variance of 6.19, and Coefficient Of Variation of (3,315). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patrick Industries, as well as the relationship between them. Please check Patrick Industries mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Patrick Industries is priced some-what accurately, providing market reflects its current price of 83.0 per share.
Patrick Industries Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Patrick, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PatrickPatrick |
Patrick Industries 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.
Patrick Industries Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Patrick Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Patrick Industries Trend Analysis
Use this graph to draw trend lines for Patrick Industries. You can use it to identify possible trend reversals for Patrick Industries 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 Patrick Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Patrick Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Patrick Industries applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Patrick Industries market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4.52, which is the sum of squared deviations for the predicted Patrick Industries price change compared to its average price change.About Patrick Industries 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 Patrick Industries 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 Patrick Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Patrick Industries price pattern first instead of the macroeconomic environment surrounding Patrick Industries. By analyzing Patrick Industries'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 Patrick Industries'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 Patrick Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
Patrick Industries January 16, 2025 Technical Indicators
Most technical analysis of Patrick 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 Patrick from various momentum indicators to cycle indicators. When you analyze Patrick 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.66) | |||
| Mean Deviation | 1.68 | |||
| Coefficient Of Variation | (3,315) | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.19 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.67) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.87 | |||
| Skewness | 0.2447 | |||
| Kurtosis | 2.49 |
Patrick Industries January 16, 2025 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 Patrick 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 | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 83.00 | ||
| Day Typical Price | 83.00 | ||
| Price Action Indicator | 0.75 |
Complementary Tools for Patrick Stock analysis
When running Patrick Industries' price analysis, check to measure Patrick Industries' 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 Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |