Helmerich And Payne Stock Technical Analysis
HP Stock | USD 42.06 0.17 0.40% |
As of the 29th of March, Helmerich retains the Risk Adjusted Performance of 0.0682, downside deviation of 1.72, and Market Risk Adjusted Performance of 0.1761. Helmerich 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 were able to interpolate data for nineteen technical drivers for Helmerich And Payne, which can be compared to its competitors. Please check out Helmerich And Payne coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Helmerich is priced fairly, providing market reflects its last-minute price of 42.06 per share. Given that Helmerich And Payne has jensen alpha of 0.0602, we strongly advise you to confirm Helmerich And Payne's regular market performance to make sure the company can sustain itself at a future point.
Helmerich Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Helmerich, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HelmerichHelmerich |
Helmerich Analyst Consensus
Target Price | Advice | # of Analysts | |
47.82 | Buy | 20 | Odds |
Most Helmerich 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 Helmerich stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Helmerich And Payne, talking to its executives and customers, or listening to Helmerich conference calls.
Helmerich 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.
Helmerich And Payne 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 Helmerich And Payne volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Helmerich And Payne Trend Analysis
Use this graph to draw trend lines for Helmerich And Payne. You can use it to identify possible trend reversals for Helmerich 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 Helmerich price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Helmerich Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Helmerich And Payne applied against its price change over selected period. The best fit line has a slop of 0.14 , which suggests that Helmerich And Payne will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 720.72, which is the sum of squared deviations for the predicted Helmerich price change compared to its average price change.About Helmerich 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 Helmerich And Payne 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 Helmerich And Payne based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Helmerich And Payne price pattern first instead of the macroeconomic environment surrounding Helmerich And Payne. By analyzing Helmerich'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 Helmerich'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 Helmerich specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0274 | 0.0466 | 0.042 | 0.0441 | Price To Sales Ratio | 1.9 | 1.5 | 1.73 | 3.2 |
Helmerich March 29, 2024 Technical Indicators
Most technical analysis of Helmerich 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 Helmerich from various momentum indicators to cycle indicators. When you analyze Helmerich 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 | 0.0682 | |||
Market Risk Adjusted Performance | 0.1761 | |||
Mean Deviation | 1.57 | |||
Semi Deviation | 1.49 | |||
Downside Deviation | 1.72 | |||
Coefficient Of Variation | 916.54 | |||
Standard Deviation | 2.32 | |||
Variance | 5.37 | |||
Information Ratio | 0.0509 | |||
Jensen Alpha | 0.0602 | |||
Total Risk Alpha | (0.28) | |||
Sortino Ratio | 0.0684 | |||
Treynor Ratio | 0.1661 | |||
Maximum Drawdown | 15.78 | |||
Value At Risk | (3.21) | |||
Potential Upside | 3.08 | |||
Downside Variance | 2.97 | |||
Semi Variance | 2.23 | |||
Expected Short fall | (1.81) | |||
Skewness | 2.05 | |||
Kurtosis | 9.37 |
Helmerich 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 Helmerich 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 | 12,238 | ||
Daily Balance Of Power | (0.22) | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 42.36 | ||
Day Typical Price | 42.26 | ||
Price Action Indicator | (0.38) |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich And Payne. 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. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Helmerich Stock analysis
When running Helmerich's price analysis, check to measure Helmerich'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 Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.
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Is Helmerich'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 Helmerich. If investors know Helmerich 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 Helmerich 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 0.033 | Dividend Share 1 | Earnings Share 4.19 | Revenue Per Share 28.041 | Quarterly Revenue Growth (0.06) |
The market value of Helmerich And Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich'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 Helmerich's market value can be influenced by many factors that don't directly affect Helmerich'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 Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich'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.