Edgio Inc Stock Technical Analysis
| EGIO Stock | USD 0.03 0 3.33% |
As of the 14th of November 2024, Edgio shows the Coefficient Of Variation of 649.46, mean deviation of 3814.06, and Downside Deviation of 46.46. Edgio Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Edgio Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Edgio, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EdgioEdgio |
Edgio Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 2.12 | Hold | 2 | Odds |
Most Edgio 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 Edgio stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Edgio Inc, talking to its executives and customers, or listening to Edgio conference calls.
Edgio 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.
Edgio Inc Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Edgio Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Edgio Inc Trend Analysis
Use this graph to draw trend lines for Edgio Inc. You can use it to identify possible trend reversals for Edgio 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 Edgio price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Edgio Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Edgio Inc applied against its price change over selected period. The best fit line has a slop of 0.15 , which may suggest that Edgio Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 872.09, which is the sum of squared deviations for the predicted Edgio price change compared to its average price change.About Edgio 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 Edgio 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 Edgio Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Edgio Inc price pattern first instead of the macroeconomic environment surrounding Edgio Inc. By analyzing Edgio'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 Edgio'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 Edgio specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 71.0 | 109.65 | 126.1 | 93.27 | PTB Ratio | 125.89 | 34.45 | 39.61 | 37.63 |
Edgio November 14, 2024 Technical Indicators
Most technical analysis of Edgio 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 Edgio from various momentum indicators to cycle indicators. When you analyze Edgio 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 | 0.1273 | |||
| Market Risk Adjusted Performance | 20.73 | |||
| Mean Deviation | 3814.06 | |||
| Semi Deviation | 50.17 | |||
| Downside Deviation | 46.46 | |||
| Coefficient Of Variation | 649.46 | |||
| Standard Deviation | 12781.41 | |||
| Variance | 1.6336439299E8 | |||
| Information Ratio | 0.154 | |||
| Jensen Alpha | 1954.23 | |||
| Total Risk Alpha | (462.08) | |||
| Sortino Ratio | 42.35 | |||
| Treynor Ratio | 20.72 | |||
| Maximum Drawdown | 99999.67 | |||
| Value At Risk | (80.23) | |||
| Potential Upside | 300.0 | |||
| Downside Variance | 2158.86 | |||
| Semi Variance | 2517.16 | |||
| Expected Short fall | (6,889) | |||
| Skewness | 7.3 | |||
| Kurtosis | 55.39 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgio Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Application Software space 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 Edgio. If investors know Edgio 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 Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.00) | Revenue Per Share 72.469 | Quarterly Revenue Growth (0.12) | Return On Assets (0.14) | Return On Equity (0.63) |
The market value of Edgio Inc is measured differently than its book value, which is the value of Edgio that is recorded on the company's balance sheet. Investors also form their own opinion of Edgio's value that differs from its market value or its book value, called intrinsic value, which is Edgio'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 Edgio's market value can be influenced by many factors that don't directly affect Edgio'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 Edgio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgio'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.