Construction Partners Stock Technical Analysis
| ROAD Stock | USD 101.61 0.47 0.46% |
As of the 1st of December, Construction Partners shows the Risk Adjusted Performance of 0.1787, mean deviation of 2.34, and Downside Deviation of 2.51. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Construction Partners, as well as the relationship between them. Please confirm Construction Partners treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Construction Partners is priced correctly, providing market reflects its regular price of 101.61 per share. Given that Construction Partners has jensen alpha of 0.4393, we suggest you to validate Construction Partners's prevailing market performance to make sure the company can sustain itself at a future point.
Construction Partners Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Construction, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ConstructionConstruction |
Construction Partners Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 42.75 | Buy | 4 | Odds |
Most Construction 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 Construction stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Construction Partners, talking to its executives and customers, or listening to Construction conference calls.
Construction Partners 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.
Construction Partners Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Construction Partners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Construction Partners Trend Analysis
Use this graph to draw trend lines for Construction Partners. You can use it to identify possible trend reversals for Construction Partners 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 Construction Partners price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Construction Partners Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Construction Partners applied against its price change over selected period. The best fit line has a slop of 0.64 , which means Construction Partners will continue generating value for investors. It has 122 observation points and a regression sum of squares at 15689.88, which is the sum of squared deviations for the predicted Construction Partners price change compared to its average price change.About Construction Partners 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 Construction Partners 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 Construction Partners based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Construction Partners price pattern first instead of the macroeconomic environment surrounding Construction Partners. By analyzing Construction Partners'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 Construction Partners'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 Construction Partners specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0468 | 0.0504 | Price To Sales Ratio | 1.99 | 1.01 |
Construction Partners December 1, 2024 Technical Indicators
Most technical analysis of Construction 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 Construction from various momentum indicators to cycle indicators. When you analyze Construction 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 | 0.1787 | |||
| Market Risk Adjusted Performance | 0.3226 | |||
| Mean Deviation | 2.34 | |||
| Semi Deviation | 2.07 | |||
| Downside Deviation | 2.51 | |||
| Coefficient Of Variation | 447.15 | |||
| Standard Deviation | 3.36 | |||
| Variance | 11.32 | |||
| Information Ratio | 0.1827 | |||
| Jensen Alpha | 0.4393 | |||
| Total Risk Alpha | 0.1808 | |||
| Sortino Ratio | 0.2451 | |||
| Treynor Ratio | 0.3126 | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 6.1 | |||
| Downside Variance | 6.29 | |||
| Semi Variance | 4.28 | |||
| Expected Short fall | (2.83) | |||
| Skewness | 1.21 | |||
| Kurtosis | 4.29 |
Complementary Tools for Construction Stock analysis
When running Construction Partners' price analysis, check to measure Construction Partners' 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 Construction Partners is operating at the current time. Most of Construction Partners' value examination focuses on studying past and present price action to predict the probability of Construction Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Construction Partners' price. Additionally, you may evaluate how the addition of Construction Partners to your portfolios can decrease your overall portfolio volatility.
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