Synnex Stock Technical Analysis
| SNX Stock | USD 129.60 0.76 0.59% |
As of the 10th of June, Synnex has the Risk Adjusted Performance of 0.1507, semi deviation of 0.7674, and Coefficient Of Variation of 428.31. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Synnex, as well as the relationship between them.
Synnex Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Synnex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SynnexSynnex |
Synnex Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 113.67 | Strong Buy | 12 | Odds |
Most Synnex 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 Synnex stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Synnex, talking to its executives and customers, or listening to Synnex conference calls.
Synnex 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.
Synnex 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 Synnex volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Synnex Trend Analysis
Use this graph to draw trend lines for Synnex. You can use it to identify possible trend reversals for Synnex 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 Synnex price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Synnex Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Synnex applied against its price change over selected period. The best fit line has a slop of 0.44 , which may imply that Synnex will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 7310.6, which is the sum of squared deviations for the predicted Synnex price change compared to its average price change.About Synnex 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 Synnex 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 Synnex based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Synnex price pattern first instead of the macroeconomic environment surrounding Synnex. By analyzing Synnex'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 Synnex'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 Synnex specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | PTB Ratio | 1.21 | 1.12 | 1.0 | 0.61 | Dividend Yield | 0.0118 | 0.0143 | 0.0128 | 0.0116 |
Synnex June 10, 2024 Technical Indicators
Most technical analysis of Synnex 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 Synnex from various momentum indicators to cycle indicators. When you analyze Synnex 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 | 0.1507 | |||
| Market Risk Adjusted Performance | 0.4185 | |||
| Mean Deviation | 0.9674 | |||
| Semi Deviation | 0.7674 | |||
| Downside Deviation | 1.07 | |||
| Coefficient Of Variation | 428.31 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.83 | |||
| Information Ratio | 0.2205 | |||
| Jensen Alpha | 0.3003 | |||
| Total Risk Alpha | 0.2895 | |||
| Sortino Ratio | 0.2791 | |||
| Treynor Ratio | 0.4085 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.11 | |||
| Downside Variance | 1.14 | |||
| Semi Variance | 0.5889 | |||
| Expected Short fall | (1.11) | |||
| Skewness | 1.48 | |||
| Kurtosis | 5.85 |
Additional Tools for Synnex Stock Analysis
When running Synnex's price analysis, check to measure Synnex'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 Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.