Aspen Technology Stock Technical Analysis
| AZPN Stock | USD 198.19 1.11 0.56% |
As of the 24th of April, Aspen Technology shows the Mean Deviation of 1.46, risk adjusted performance of 0.0035, and Standard Deviation of 2.0. Aspen Technology 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 were able to interpolate data for thirteen technical drivers for Aspen Technology, which can be compared to its peers. Please confirm Aspen Technology variance and potential upside to decide if Aspen Technology is priced correctly, providing market reflects its regular price of 198.19 per share. Given that Aspen Technology has information ratio of (0.05), we suggest you to validate Aspen Technology's prevailing market performance to make sure the company can sustain itself at a future point.
Aspen Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Aspen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AspenAspen |
Aspen Technology 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.
Aspen Technology 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 Aspen Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Aspen Technology Trend Analysis
Use this graph to draw trend lines for Aspen Technology. You can use it to identify possible trend reversals for Aspen Technology 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 Aspen Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Aspen Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Aspen Technology applied against its price change over selected period. The best fit line has a slop of 0.36 , which means Aspen Technology will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4770.73, which is the sum of squared deviations for the predicted Aspen Technology price change compared to its average price change.About Aspen Technology 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 Aspen Technology 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 Aspen Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Aspen Technology price pattern first instead of the macroeconomic environment surrounding Aspen Technology. By analyzing Aspen Technology'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 Aspen Technology'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 Aspen Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
Aspen Technology April 24, 2024 Technical Indicators
Most technical analysis of Aspen 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 Aspen from various momentum indicators to cycle indicators. When you analyze Aspen 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0035 | |||
| Market Risk Adjusted Performance | (0.03) | |||
| Mean Deviation | 1.46 | |||
| Coefficient Of Variation | (18,243) | |||
| Standard Deviation | 2.0 | |||
| Variance | 4.01 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.04) | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.01 | |||
| Skewness | 0.3348 | |||
| Kurtosis | 2.7 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Aspen Stock analysis
When running Aspen Technology's price analysis, check to measure Aspen Technology'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 Aspen Technology is operating at the current time. Most of Aspen Technology's value examination focuses on studying past and present price action to predict the probability of Aspen Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Technology's price. Additionally, you may evaluate how the addition of Aspen Technology to your portfolios can decrease your overall portfolio volatility.
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Is Aspen Technology'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 Aspen Technology. If investors know Aspen 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 Aspen Technology 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 Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology'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 Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.