Commonwealth Bank Of Stock Technical Analysis
| CBAUF Stock | USD 72.66 3.34 4.39% |
As of the 23rd of April, Commonwealth Bank shows the Standard Deviation of 1.51, risk adjusted performance of (0.01), and Mean Deviation of 0.5543. Commonwealth Bank technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to break down and analyze data for thirteen technical drivers for Commonwealth Bank of, which can be compared to its peers. Please confirm Commonwealth Bank standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Commonwealth Bank is priced correctly, providing market reflects its regular price of 72.66 per share. Given that Commonwealth Bank has information ratio of (0.09), we suggest you to validate Commonwealth Bank of's prevailing market performance to make sure the company can sustain itself at a future point.
Commonwealth Bank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Commonwealth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CommonwealthCommonwealth |
Commonwealth Bank technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Commonwealth Bank Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Commonwealth Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Commonwealth Bank Trend Analysis
Use this graph to draw trend lines for Commonwealth Bank of. You can use it to identify possible trend reversals for Commonwealth Bank 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 Commonwealth Bank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Commonwealth Bank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Commonwealth Bank of applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Commonwealth Bank of will continue generating value for investors. It has 122 observation points and a regression sum of squares at 32.23, which is the sum of squared deviations for the predicted Commonwealth Bank price change compared to its average price change.About Commonwealth Bank 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 Commonwealth Bank of 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 Commonwealth Bank of based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Commonwealth Bank price pattern first instead of the macroeconomic environment surrounding Commonwealth Bank. By analyzing Commonwealth Bank'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 Commonwealth Bank'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 Commonwealth Bank specific price patterns or momentum indicators. Please read more on our technical analysis page.
Commonwealth Bank April 23, 2024 Technical Indicators
Most technical analysis of Commonwealth 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 Commonwealth from various momentum indicators to cycle indicators. When you analyze Commonwealth 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 | (0.01) | |||
| Market Risk Adjusted Performance | 0.1242 | |||
| Mean Deviation | 0.5543 | |||
| Coefficient Of Variation | (3,248) | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.28 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.1142 | |||
| Maximum Drawdown | 11.26 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 1.62 | |||
| Skewness | 0.0916 | |||
| Kurtosis | 10.01 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Commonwealth Pink Sheet analysis
When running Commonwealth Bank's price analysis, check to measure Commonwealth Bank'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 Commonwealth Bank is operating at the current time. Most of Commonwealth Bank's value examination focuses on studying past and present price action to predict the probability of Commonwealth Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commonwealth Bank's price. Additionally, you may evaluate how the addition of Commonwealth Bank to your portfolios can decrease your overall portfolio volatility.
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