Macys Inc secures Downside Deviation of 1.61, Mean Deviation of 1.72 and Risk Adjusted Performance of 0.2302. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Macys Inc as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Macys which can be compared to its peers in the industry. Please verify Macys IncVariance as well as the relationship between Value At Risk and Skewness to decide if Macys Inc is priced some-what accurately providing market reflects its recent price of 28.8 per share. Given that Macys Inc has Jensen Alpha of 0.3982, we recommend you check Macys last-minute market performance to make sure the company can sustain itself at future point.
The output start index for this execution was five with a total number of output elements of twelve. 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 Macys Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Macys Inc Trend Analysis
Use this graph to draw trend lines for Macys Inc. You can use it to identify possible trend reversals for Macys 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 Macys price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Macys Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Macys Inc applied against its price change over selected period. The best fit line has a slop of 0.12 % which indicates that Macys Inc will continue to generate solid returns. It has 34 observation points and a regression sum of squares at 10.79, which is the sum of squared deviations for the predicted Macys price change compared to its average price change.
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Macys Inc is regarded fourth in mean deviation category among related companies. It is regarded fourth in standard deviation category among related companies creating about 1.22 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Macys Inc is roughly 1.22