Zurn Elkay Water Stock Technical Analysis
| ZWS Stock | USD 39.93 0.58 1.47% |
As of the 24th of November, Zurn Elkay maintains the Market Risk Adjusted Performance of 0.2649, mean deviation of 1.24, and Downside Deviation of 1.32. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zurn Elkay Water, as well as the relationship between them. Please check out Zurn Elkay Water value at risk, as well as the relationship between the semi variance and kurtosis to decide if Zurn Elkay Water is priced fairly, providing market reflects its latest price of 39.93 per share. Given that Zurn Elkay Water has jensen alpha of 0.1933, we strongly advise you to confirm Zurn Elkay Water's prevalent market performance to make sure the company can sustain itself at a future point.
Zurn Elkay Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Zurn, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ZurnZurn |
Zurn Elkay Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 31.29 | Buy | 8 | Odds |
Most Zurn 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 Zurn stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Zurn Elkay Water, talking to its executives and customers, or listening to Zurn conference calls.
Zurn Elkay 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.
Zurn Elkay Water Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Zurn Elkay Water volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Zurn Elkay Water Trend Analysis
Use this graph to draw trend lines for Zurn Elkay Water. You can use it to identify possible trend reversals for Zurn Elkay 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 Zurn Elkay price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Zurn Elkay Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Zurn Elkay Water applied against its price change over selected period. The best fit line has a slop of 0.14 , which may imply that Zurn Elkay Water will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 689.98, which is the sum of squared deviations for the predicted Zurn Elkay price change compared to its average price change.About Zurn Elkay 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 Zurn Elkay Water 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 Zurn Elkay Water based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Zurn Elkay Water price pattern first instead of the macroeconomic environment surrounding Zurn Elkay Water. By analyzing Zurn Elkay'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 Zurn Elkay'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 Zurn Elkay specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.008231 | 0.0101 | 0.009835 | 0.009343 | Price To Sales Ratio | 4.85 | 2.5 | 3.35 | 3.18 |
Zurn Elkay November 24, 2024 Technical Indicators
Most technical analysis of Zurn 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 Zurn from various momentum indicators to cycle indicators. When you analyze Zurn 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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| Risk Adjusted Performance | 0.1761 | |||
| Market Risk Adjusted Performance | 0.2649 | |||
| Mean Deviation | 1.24 | |||
| Semi Deviation | 1.01 | |||
| Downside Deviation | 1.32 | |||
| Coefficient Of Variation | 449.54 | |||
| Standard Deviation | 1.7 | |||
| Variance | 2.88 | |||
| Information Ratio | 0.1453 | |||
| Jensen Alpha | 0.1933 | |||
| Total Risk Alpha | 0.1002 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | 0.2549 | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.83 | |||
| Downside Variance | 1.75 | |||
| Semi Variance | 1.01 | |||
| Expected Short fall | (1.45) | |||
| Skewness | 1.18 | |||
| Kurtosis | 4.48 |
Additional Tools for Zurn Stock Analysis
When running Zurn Elkay's price analysis, check to measure Zurn Elkay'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 Zurn Elkay is operating at the current time. Most of Zurn Elkay's value examination focuses on studying past and present price action to predict the probability of Zurn Elkay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zurn Elkay's price. Additionally, you may evaluate how the addition of Zurn Elkay to your portfolios can decrease your overall portfolio volatility.