Honda Motor Co Stock Technical Analysis
HMC Stock | USD 34.14 0.31 0.90% |
As of the 20th of April, Honda retains the Downside Deviation of 1.18, risk adjusted performance of 0.0626, and Market Risk Adjusted Performance of 0.1197. Honda technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Honda Motor, which can be compared to its competitors. Please check out Honda Motor maximum drawdown, and the relationship between the information ratio and downside variance to decide if Honda is priced fairly, providing market reflects its last-minute price of 34.14 per share. Given that Honda Motor Co has jensen alpha of 0.032, we strongly advise you to confirm Honda Motor's regular market performance to make sure the company can sustain itself at a future point.
Honda Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Honda, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HondaHonda |
Honda Analyst Consensus
Target Price | Advice | # of Analysts | |
37.55 | Buy | 3 | Odds |
Most Honda 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 Honda stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Honda Motor, talking to its executives and customers, or listening to Honda conference calls.
Honda 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.
Honda Motor 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 Honda Motor volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Honda Motor Trend Analysis
Use this graph to draw trend lines for Honda Motor Co. You can use it to identify possible trend reversals for Honda 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 Honda price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Honda Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Honda Motor Co applied against its price change over selected period. The best fit line has a slop of 0.05 , which may imply that Honda Motor Co will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 81.62, which is the sum of squared deviations for the predicted Honda price change compared to its average price change.About Honda 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 Honda Motor Co 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 Honda Motor Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Honda Motor price pattern first instead of the macroeconomic environment surrounding Honda Motor. By analyzing Honda'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 Honda'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 Honda specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0105 | 0.0119 | 0.0107 | 0.0114 | Price To Sales Ratio | 1.23 | 1.06 | 0.96 | 0.5 |
Honda April 20, 2024 Technical Indicators
Most technical analysis of Honda 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 Honda from various momentum indicators to cycle indicators. When you analyze Honda 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 | 0.0626 | |||
Market Risk Adjusted Performance | 0.1197 | |||
Mean Deviation | 0.9283 | |||
Semi Deviation | 1.05 | |||
Downside Deviation | 1.18 | |||
Coefficient Of Variation | 1059.51 | |||
Standard Deviation | 1.19 | |||
Variance | 1.41 | |||
Information Ratio | 0.0226 | |||
Jensen Alpha | 0.032 | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | 0.0228 | |||
Treynor Ratio | 0.1097 | |||
Maximum Drawdown | 5.29 | |||
Value At Risk | (2.04) | |||
Potential Upside | 2.33 | |||
Downside Variance | 1.39 | |||
Semi Variance | 1.09 | |||
Expected Short fall | (0.96) | |||
Skewness | 0.171 | |||
Kurtosis | (0.05) |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honda Motor Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Honda Stock analysis
When running Honda's price analysis, check to measure Honda'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 Honda is operating at the current time. Most of Honda's value examination focuses on studying past and present price action to predict the probability of Honda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honda's price. Additionally, you may evaluate how the addition of Honda to your portfolios can decrease your overall portfolio volatility.
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Is Honda'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 Honda. If investors know Honda 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 Honda 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 0.081 | Dividend Share 49 | Earnings Share 3.7 | Revenue Per Share 11.8 K | Quarterly Revenue Growth 0.214 |
The market value of Honda Motor is measured differently than its book value, which is the value of Honda that is recorded on the company's balance sheet. Investors also form their own opinion of Honda's value that differs from its market value or its book value, called intrinsic value, which is Honda'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 Honda's market value can be influenced by many factors that don't directly affect Honda'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 Honda's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honda is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honda'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.