Surmodics Stock Technical Analysis
| SRDX Stock | USD 39.19 0.02 0.05% |
As of the 22nd of November, SurModics has the Coefficient Of Variation of (2,111), variance of 0.4323, and Risk Adjusted Performance of (0.04). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of SurModics, as well as the relationship between them.
SurModics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SurModics, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SurModicsSurModics |
SurModics Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 59.5 | Hold | 3 | Odds |
Most SurModics 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 SurModics stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of SurModics, talking to its executives and customers, or listening to SurModics conference calls.
SurModics 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.
SurModics Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 SurModics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SurModics Trend Analysis
Use this graph to draw trend lines for SurModics. You can use it to identify possible trend reversals for SurModics 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 SurModics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SurModics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SurModics applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that SurModics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 10.91, which is the sum of squared deviations for the predicted SurModics price change compared to its average price change.About SurModics 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 SurModics 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 SurModics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on SurModics price pattern first instead of the macroeconomic environment surrounding SurModics. By analyzing SurModics'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 SurModics'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 SurModics specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 88.37 | 65.8 | 67.06 | 43.65 | PTB Ratio | 3.9 | 3.75 | 4.62 | 5.67 |
SurModics November 22, 2024 Technical Indicators
Most technical analysis of SurModics 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 SurModics from various momentum indicators to cycle indicators. When you analyze SurModics 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 | (0.04) | |||
| Market Risk Adjusted Performance | (0.12) | |||
| Mean Deviation | 0.4813 | |||
| Coefficient Of Variation | (2,111) | |||
| Standard Deviation | 0.6575 | |||
| Variance | 0.4323 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.13) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.26 | |||
| Skewness | 0.8113 | |||
| Kurtosis | 1.6 |
Additional Tools for SurModics Stock Analysis
When running SurModics' price analysis, check to measure SurModics' 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 SurModics is operating at the current time. Most of SurModics' value examination focuses on studying past and present price action to predict the probability of SurModics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SurModics' price. Additionally, you may evaluate how the addition of SurModics to your portfolios can decrease your overall portfolio volatility.