Shimmick Common Stock Technical Analysis
| SHIM Stock | 3.15 0.18 6.06% |
As of the 29th of December, Shimmick Common has the Risk Adjusted Performance of 0.0778, coefficient of variation of 1150.6, and Semi Deviation of 4.04. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shimmick Common, as well as the relationship between them. Please validate Shimmick Common coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Shimmick Common is priced more or less accurately, providing market reflects its prevalent price of 3.15 per share. Given that Shimmick Common has jensen alpha of 0.4475, we advise you to double-check Shimmick Common's current market performance to make sure the company can sustain itself at a future point.
Shimmick Common Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shimmick, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShimmickShimmick |
Shimmick Common Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 3.0 | Hold | 2 | Odds |
Most Shimmick 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 Shimmick stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Shimmick Common, talking to its executives and customers, or listening to Shimmick conference calls.
Shimmick Common 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.
Shimmick Common Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Shimmick Common volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Shimmick Common Trend Analysis
Use this graph to draw trend lines for Shimmick Common. You can use it to identify possible trend reversals for Shimmick Common 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 Shimmick Common price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Shimmick Common Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Shimmick Common applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Shimmick Common will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5.49, which is the sum of squared deviations for the predicted Shimmick Common price change compared to its average price change.About Shimmick Common 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 Shimmick Common 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 Shimmick Common based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shimmick Common price pattern first instead of the macroeconomic environment surrounding Shimmick Common. By analyzing Shimmick Common'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 Shimmick Common'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 Shimmick Common specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 99.37 | 75.47 | 67.93 | 74.33 | PTB Ratio | 3.5 | 3.1 | 3.56 | 3.29 |
Shimmick Common December 29, 2024 Technical Indicators
Most technical analysis of Shimmick 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 Shimmick from various momentum indicators to cycle indicators. When you analyze Shimmick 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0778 | |||
| Market Risk Adjusted Performance | 0.6088 | |||
| Mean Deviation | 4.07 | |||
| Semi Deviation | 4.04 | |||
| Downside Deviation | 4.42 | |||
| Coefficient Of Variation | 1150.6 | |||
| Standard Deviation | 5.46 | |||
| Variance | 29.84 | |||
| Information Ratio | 0.081 | |||
| Jensen Alpha | 0.4475 | |||
| Total Risk Alpha | 0.3127 | |||
| Sortino Ratio | 0.1001 | |||
| Treynor Ratio | 0.5988 | |||
| Maximum Drawdown | 25.87 | |||
| Value At Risk | (6.64) | |||
| Potential Upside | 9.71 | |||
| Downside Variance | 19.57 | |||
| Semi Variance | 16.36 | |||
| Expected Short fall | (5.11) | |||
| Skewness | 0.9569 | |||
| Kurtosis | 1.74 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shimmick Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Shimmick Stock, please use our How to Invest in Shimmick Common guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Construction & Engineering space 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 Shimmick Common. If investors know Shimmick 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 Shimmick Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.08) | Revenue Per Share 21.127 | Quarterly Revenue Growth (0.42) | Return On Assets (0.15) | Return On Equity (4.02) |
The market value of Shimmick Common is measured differently than its book value, which is the value of Shimmick that is recorded on the company's balance sheet. Investors also form their own opinion of Shimmick Common's value that differs from its market value or its book value, called intrinsic value, which is Shimmick Common'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 Shimmick Common's market value can be influenced by many factors that don't directly affect Shimmick Common'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 Shimmick Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shimmick Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shimmick Common'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.