Bhp Group Limited Stock Technical Analysis
| BHP Stock | USD 57.19 0.07 0.12% |
As of the 11th of May 2024, BHP Group shows the risk adjusted performance of (0.01), and Mean Deviation of 1.19. BHP Group Limited 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 have analyze and collected data for thirteen technical drivers for BHP Group Limited, which can be compared to its peers. Please confirm BHP Group Limited variance and value at risk to decide if BHP Group Limited is priced favorably, providing market reflects its regular price of 57.19 per share. Given that BHP Group has information ratio of (0.08), we suggest you to validate BHP Group Limited's prevailing market performance to make sure the company can sustain itself in the future.
BHP Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BHP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BHPBHP |
BHP Group 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.
BHP Group Limited Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 BHP Group Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BHP Group Limited Trend Analysis
Use this graph to draw trend lines for BHP Group Limited. You can use it to identify possible trend reversals for BHP Group 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 BHP Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BHP Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BHP Group Limited applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that BHP Group Limited will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 4.9, which is the sum of squared deviations for the predicted BHP Group price change compared to its average price change.About BHP Group 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 BHP Group Limited 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 BHP Group Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BHP Group Limited price pattern first instead of the macroeconomic environment surrounding BHP Group Limited. By analyzing BHP Group'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 BHP Group'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 BHP Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
BHP Group May 11, 2024 Technical Indicators
Most technical analysis of BHP 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 BHP from various momentum indicators to cycle indicators. When you analyze BHP 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 | (0.16) | |||
| Mean Deviation | 1.19 | |||
| Coefficient Of Variation | (4,110) | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.25 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.17) | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 1.85 | |||
| Skewness | (0.44) | |||
| Kurtosis | 0.1141 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the BHP Group Limited information on this page should be used as a complementary analysis to other BHP Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for BHP Stock analysis
When running BHP Group's price analysis, check to measure BHP Group'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 BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.
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Is BHP Group'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 BHP Group. If investors know BHP 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 BHP Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of BHP Group Limited is measured differently than its book value, which is the value of BHP that is recorded on the company's balance sheet. Investors also form their own opinion of BHP Group's value that differs from its market value or its book value, called intrinsic value, which is BHP Group'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 BHP Group's market value can be influenced by many factors that don't directly affect BHP Group'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 BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHP Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group'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.