Chemed Corp Stock Technical Analysis
CHE Stock | USD 641.93 2.33 0.36% |
As of the 29th of March, Chemed Corp shows the mean deviation of 0.856, and Risk Adjusted Performance of 0.0636. Chemed Corp 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 nineteen technical drivers for Chemed Corp, which can be compared to its rivals. Please confirm Chemed Corp downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Chemed Corp is priced correctly, providing market reflects its regular price of 641.93 per share. Given that Chemed Corp has jensen alpha of 0.0319, we suggest you to validate Chemed Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Chemed Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Chemed, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ChemedChemed |
Chemed Corp Analyst Consensus
Target Price | Advice | # of Analysts | |
592.0 | Strong Buy | 3 | Odds |
Most Chemed 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 Chemed stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Chemed Corp, talking to its executives and customers, or listening to Chemed conference calls.
Chemed Corp 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.
Chemed Corp 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 Chemed Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Chemed Corp Trend Analysis
Use this graph to draw trend lines for Chemed Corp. You can use it to identify possible trend reversals for Chemed Corp 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 Chemed Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Chemed Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Chemed Corp applied against its price change over selected period. The best fit line has a slop of 1.33 , which may imply that Chemed Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 66722.44, which is the sum of squared deviations for the predicted Chemed Corp price change compared to its average price change.About Chemed Corp 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 Chemed Corp 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 Chemed Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Chemed Corp price pattern first instead of the macroeconomic environment surrounding Chemed Corp. By analyzing Chemed Corp'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 Chemed Corp'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 Chemed Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Price Earnings Ratio | 30.87 | 30.53 | 32.29 | 33.91 | Short Term Coverage Ratios | 8.14 | 7.04 | 6.08 | 5.77 |
Chemed Corp March 29, 2024 Technical Indicators
Most technical analysis of Chemed 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 Chemed from various momentum indicators to cycle indicators. When you analyze Chemed 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 | 0.0636 | |||
Market Risk Adjusted Performance | 0.1809 | |||
Mean Deviation | 0.856 | |||
Semi Deviation | 0.9392 | |||
Downside Deviation | 1.11 | |||
Coefficient Of Variation | 956.63 | |||
Standard Deviation | 1.23 | |||
Variance | 1.51 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | 0.0319 | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.1709 | |||
Maximum Drawdown | 7.37 | |||
Value At Risk | (1.91) | |||
Potential Upside | 1.68 | |||
Downside Variance | 1.23 | |||
Semi Variance | 0.8821 | |||
Expected Short fall | (0.91) | |||
Skewness | 1.01 | |||
Kurtosis | 4.66 |
Chemed Corp March 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Chemed stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 485.30 | ||
Daily Balance Of Power | (0.40) | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 643.78 | ||
Day Typical Price | 643.16 | ||
Price Action Indicator | (3.01) | ||
Market Facilitation Index | 0.0001 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemed Corp. 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. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Chemed Stock analysis
When running Chemed Corp's price analysis, check to measure Chemed Corp'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 Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chemed Corp'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 Chemed Corp. If investors know Chemed 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 Chemed Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.432 | Dividend Share 1.56 | Earnings Share 17.91 | Revenue Per Share 150.46 | Quarterly Revenue Growth 0.072 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.