Impinj Inc Stock Technical Analysis
PI Stock | USD 121.39 2.89 2.44% |
As of the 17th of April 2024, Impinj retains the Market Risk Adjusted Performance of 0.5519, downside deviation of 2.43, and Risk Adjusted Performance of 0.1466. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Impinj Inc, as well as the relationship between them. 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 collect and analyze data for nineteen technical drivers for Impinj Inc, which can be compared to its competitors. Please check out Impinj Inc variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Impinj is priced fairly, providing market reflects its last-minute price of 121.39 per share. Given that Impinj Inc has jensen alpha of 0.5802, we strongly advise you to confirm Impinj Inc's regular market performance to make sure the company can sustain itself at a future point.
Impinj Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Impinj, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ImpinjImpinj |
Impinj Analyst Consensus
Target Price | Advice | # of Analysts | |
87.75 | Strong Buy | 8 | Odds |
Most Impinj 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 Impinj stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Impinj Inc, talking to its executives and customers, or listening to Impinj conference calls.
Impinj 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.
Impinj Inc 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 Impinj Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Impinj Inc Trend Analysis
Use this graph to draw trend lines for Impinj Inc. You can use it to identify possible trend reversals for Impinj 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 Impinj price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Impinj Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Impinj Inc applied against its price change over selected period. The best fit line has a slop of 0.49 , which suggests that Impinj Inc will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 9249.13, which is the sum of squared deviations for the predicted Impinj price change compared to its average price change.About Impinj 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 Impinj Inc 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 Impinj Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Impinj Inc price pattern first instead of the macroeconomic environment surrounding Impinj Inc. By analyzing Impinj'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 Impinj'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 Impinj specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 7.78 | 4.79 | 17.96 | 18.86 | Days Of Inventory On Hand | 87.76 | 141.22 | 228.01 | 132.76 |
Impinj April 17, 2024 Technical Indicators
Most technical analysis of Impinj 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 Impinj from various momentum indicators to cycle indicators. When you analyze Impinj 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 | 0.1466 | |||
Market Risk Adjusted Performance | 0.5519 | |||
Mean Deviation | 2.14 | |||
Semi Deviation | 1.9 | |||
Downside Deviation | 2.43 | |||
Coefficient Of Variation | 454.34 | |||
Standard Deviation | 2.94 | |||
Variance | 8.63 | |||
Information Ratio | 0.2003 | |||
Jensen Alpha | 0.5802 | |||
Total Risk Alpha | 0.4126 | |||
Sortino Ratio | 0.2419 | |||
Treynor Ratio | 0.5419 | |||
Maximum Drawdown | 16.78 | |||
Value At Risk | (3.89) | |||
Potential Upside | 4.59 | |||
Downside Variance | 5.92 | |||
Semi Variance | 3.59 | |||
Expected Short fall | (2.38) | |||
Skewness | 0.9775 | |||
Kurtosis | 2.8 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Impinj Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Impinj Stock analysis
When running Impinj's price analysis, check to measure Impinj'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 Impinj is operating at the current time. Most of Impinj's value examination focuses on studying past and present price action to predict the probability of Impinj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Impinj's price. Additionally, you may evaluate how the addition of Impinj to your portfolios can decrease your overall portfolio volatility.
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Is Impinj'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 Impinj. If investors know Impinj 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 Impinj listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.62) | Revenue Per Share 11.496 | Quarterly Revenue Growth (0.08) | Return On Assets (0.07) | Return On Equity (1.74) |
The market value of Impinj Inc is measured differently than its book value, which is the value of Impinj that is recorded on the company's balance sheet. Investors also form their own opinion of Impinj's value that differs from its market value or its book value, called intrinsic value, which is Impinj'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 Impinj's market value can be influenced by many factors that don't directly affect Impinj'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 Impinj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Impinj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Impinj'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.