Chix Etf Technical Analysis

CHIX Etf  USD 10.57  0.00  0.00%   
As of the 29th of March, CHIX shows the Coefficient Of Variation of (1,679), risk adjusted performance of (0.03), and Mean Deviation of 0.6969. CHIX technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for CHIX, which can be compared to its rivals. Please confirm CHIX coefficient of variation and maximum drawdown to decide if CHIX is priced adequately, providing market reflects its regular price of 10.57 per share.

CHIX Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CHIX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CHIX
  
CHIX's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
CHIX technical etf 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, etf market cycles, or different charting patterns.
A focus of CHIX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CHIX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

CHIX Technical Analysis

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CHIX Trend Analysis

Use this graph to draw trend lines for CHIX. You can use it to identify possible trend reversals for CHIX 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 CHIX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

CHIX Best Fit Change Line

The following chart estimates an ordinary least squares regression model for CHIX applied against its price change over selected period. The best fit line has a slop of   0.0036  , which may suggest that CHIX market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.48, which is the sum of squared deviations for the predicted CHIX price change compared to its average price change.

About CHIX 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 CHIX 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 CHIX based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on CHIX price pattern first instead of the macroeconomic environment surrounding CHIX. By analyzing CHIX'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 CHIX'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 CHIX specific price patterns or momentum indicators. Please read more on our technical analysis page.

CHIX March 29, 2024 Technical Indicators

Most technical analysis of CHIX 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 CHIX from various momentum indicators to cycle indicators. When you analyze CHIX 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.

CHIX One Year Return

Based on the recorded statements, CHIX has an One Year Return of -9.4%. This is 98.31% higher than that of the Global X Funds family and significantly lower than that of the China Region category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
When determining whether CHIX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CHIX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chix Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Chix Etf:
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for CHIX Etf analysis

When running CHIX's price analysis, check to measure CHIX'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 CHIX is operating at the current time. Most of CHIX's value examination focuses on studying past and present price action to predict the probability of CHIX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHIX's price. Additionally, you may evaluate how the addition of CHIX to your portfolios can decrease your overall portfolio volatility.
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The market value of CHIX is measured differently than its book value, which is the value of CHIX that is recorded on the company's balance sheet. Investors also form their own opinion of CHIX's value that differs from its market value or its book value, called intrinsic value, which is CHIX'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 CHIX's market value can be influenced by many factors that don't directly affect CHIX'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 CHIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIX'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.