Drum Income Plus Etf Technical Analysis
| DRIP Etf | USD 8.87 0.15 1.72% |
As of the 19th of April, Drum Income shows the Standard Deviation of 2.32, variance of 5.4, and Mean Deviation of 1.74. Drum me Plus technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 Drum Income Plus, which can be compared to its peers. Please confirm Drum me Plus market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Drum me Plus is priced favorably, providing market reflects its regular price of 8.87 per share.
Drum Income Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Drum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DrumDrum |
Drum Income 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.
Drum me Plus Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Drum me Plus volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Drum me Plus Trend Analysis
Use this graph to draw trend lines for Drum Income Plus. You can use it to identify possible trend reversals for Drum Income 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 Drum Income price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Drum Income Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Drum Income Plus applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Drum Income Plus market price will keep on failing further. It has 122 observation points and a regression sum of squares at 208.92, which is the sum of squared deviations for the predicted Drum Income price change compared to its average price change.About Drum Income 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 Drum Income Plus 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 Drum Income Plus based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Drum me Plus price pattern first instead of the macroeconomic environment surrounding Drum me Plus. By analyzing Drum Income'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 Drum Income'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 Drum Income specific price patterns or momentum indicators. Please read more on our technical analysis page.
Drum Income April 19, 2024 Technical Indicators
Most technical analysis of Drum 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 Drum from various momentum indicators to cycle indicators. When you analyze Drum 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.
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| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (1.63) | |||
| Mean Deviation | 1.74 | |||
| Coefficient Of Variation | (607.00) | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.4 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.64) | |||
| Maximum Drawdown | 13.02 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 3.37 | |||
| Skewness | 0.0868 | |||
| Kurtosis | 0.8718 |
Drum me Plus One Year Return
Based on the recorded statements, Drum Income Plus has an One Year Return of -31.4%. This is 132.42% higher than that of the Direxion Funds family and notably higher than that of the Trading--Inverse Equity 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drum Income Plus. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Drum me Plus is measured differently than its book value, which is the value of Drum that is recorded on the company's balance sheet. Investors also form their own opinion of Drum Income's value that differs from its market value or its book value, called intrinsic value, which is Drum Income'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 Drum Income's market value can be influenced by many factors that don't directly affect Drum Income'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 Drum Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Drum Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drum Income'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.