Shares are rated by analysts on a 3-level scale: Buy=1, Hold=2, Sell=3. We calculate and evaluate the average value of all opinions.
According to Levermann, the analyst majority opinion is used as a contra-indicator, i.e. there is a plus point if the majority of analysts say "sell" and a minus point if the majority of analysts say "buy".
Point distribution according to Levermann
- +1 Pts.
- ∅ >= 2.5
- -1 Pts.
- ∅ <= 1.5
- 0 Pts.
- 1.5 < ∅ < 2.5
Data for CA Immobilien
- Buy
-
1
(Buy + Outperform)
- Hold
-
1
(Hold)
- Sell
-
3
(Sell + Underperform)
Calculation for CA Immobilien
- ∅
-
(1 * 1 + 1 * 2 + 3 * 3) / (1 + 1 + 3)
= 2.40
- Points
-
0