Scansource Stock Technical Analysis
| SCSC Stock | USD 44.45 2.97 7.16% |
As of the 23rd of April, ScanSource has the Coefficient Of Variation of 1140.89, risk adjusted performance of 0.0606, and Semi Deviation of 1.53. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of ScanSource, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for ScanSource, which can be compared to its competition. Please validate ScanSource treynor ratio, and the relationship between the standard deviation and downside variance to decide if ScanSource is priced more or less accurately, providing market reflects its prevalent price of 44.45 per share. Given that ScanSource has jensen alpha of 0.0419, we advise you to double-check ScanSource's current market performance to make sure the company can sustain itself at a future point.
ScanSource Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ScanSource, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ScanSourceScanSource |
ScanSource Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 40.0 | Buy | 3 | Odds |
Most ScanSource 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 ScanSource stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ScanSource, talking to its executives and customers, or listening to ScanSource conference calls.
ScanSource 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.
ScanSource 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 ScanSource volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ScanSource Trend Analysis
Use this graph to draw trend lines for ScanSource. You can use it to identify possible trend reversals for ScanSource 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 ScanSource price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ScanSource Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ScanSource applied against its price change over selected period. The best fit line has a slop of 0.04 , which means ScanSource will continue generating value for investors. It has 122 observation points and a regression sum of squares at 58.4, which is the sum of squared deviations for the predicted ScanSource price change compared to its average price change.About ScanSource 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 ScanSource 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 ScanSource based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ScanSource price pattern first instead of the macroeconomic environment surrounding ScanSource. By analyzing ScanSource'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 ScanSource'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 ScanSource specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 (projected) | Days Sales Outstanding | 80.3 | 72.27 | PTB Ratio | 0.82 | 0.94 |
ScanSource April 23, 2024 Technical Indicators
Most technical analysis of ScanSource 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 ScanSource from various momentum indicators to cycle indicators. When you analyze ScanSource 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 | 0.0606 | |||
| Market Risk Adjusted Performance | 0.1193 | |||
| Mean Deviation | 1.4 | |||
| Semi Deviation | 1.53 | |||
| Downside Deviation | 1.69 | |||
| Coefficient Of Variation | 1140.89 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.42 | |||
| Information Ratio | 0.0394 | |||
| Jensen Alpha | 0.0419 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 0.1093 | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.92 | |||
| Downside Variance | 2.84 | |||
| Semi Variance | 2.35 | |||
| Expected Short fall | (1.60) | |||
| Skewness | 0.2857 | |||
| Kurtosis | 1.67 |
ScanSource April 23, 2024 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 ScanSource 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 | 28,443 | ||
| Daily Balance Of Power | 0.93 | ||
| Rate Of Daily Change | 1.07 | ||
| Day Median Price | 43.19 | ||
| Day Typical Price | 43.61 | ||
| Price Action Indicator | 2.75 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ScanSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ScanSource Stock refer to our How to Trade ScanSource Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for ScanSource Stock analysis
When running ScanSource's price analysis, check to measure ScanSource'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 ScanSource is operating at the current time. Most of ScanSource's value examination focuses on studying past and present price action to predict the probability of ScanSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ScanSource's price. Additionally, you may evaluate how the addition of ScanSource to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is ScanSource's industry 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 ScanSource. If investors know ScanSource 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 ScanSource 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 0.277 | Earnings Share 3.42 | Revenue Per Share 143.748 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0364 |
The market value of ScanSource is measured differently than its book value, which is the value of ScanSource that is recorded on the company's balance sheet. Investors also form their own opinion of ScanSource's value that differs from its market value or its book value, called intrinsic value, which is ScanSource's 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 ScanSource's market value can be influenced by many factors that don't directly affect ScanSource's 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 ScanSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if ScanSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ScanSource's 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.