Microsectors Fang Index Etf Technical Analysis
| FNGU Etf | USD 257.95 32.05 11.05% |
As of the 19th of April, MicroSectors FANG secures the Downside Deviation of 3.52, mean deviation of 3.41, and Risk Adjusted Performance of 0.0729. MicroSectors FANG Index technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the etf's future prices. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for MicroSectors FANG, which can be compared to its peers in the industry. Please verify MicroSectors FANG Index standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if MicroSectors FANG Index is priced some-what accurately, providing market reflects its recent price of 257.95 per share.
MicroSectors FANG Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MicroSectors, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MicroSectorsMicroSectors |
MicroSectors FANG 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.
MicroSectors FANG Index 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 MicroSectors FANG Index volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MicroSectors FANG Index Trend Analysis
Use this graph to draw trend lines for MicroSectors FANG Index. You can use it to identify possible trend reversals for MicroSectors FANG 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 MicroSectors FANG price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MicroSectors FANG Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MicroSectors FANG Index applied against its price change over selected period. The best fit line has a slop of 0.49 , which means MicroSectors FANG Index will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8917.95, which is the sum of squared deviations for the predicted MicroSectors FANG price change compared to its average price change.About MicroSectors FANG 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 MicroSectors FANG Index 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 MicroSectors FANG Index based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on MicroSectors FANG Index price pattern first instead of the macroeconomic environment surrounding MicroSectors FANG Index. By analyzing MicroSectors FANG'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 MicroSectors FANG'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 MicroSectors FANG specific price patterns or momentum indicators. Please read more on our technical analysis page.
MicroSectors FANG April 19, 2024 Technical Indicators
Most technical analysis of MicroSectors 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 MicroSectors from various momentum indicators to cycle indicators. When you analyze MicroSectors 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 | 0.0729 | |||
| Market Risk Adjusted Performance | 0.386 | |||
| Mean Deviation | 3.41 | |||
| Semi Deviation | 3.26 | |||
| Downside Deviation | 3.52 | |||
| Coefficient Of Variation | 960.83 | |||
| Standard Deviation | 4.49 | |||
| Variance | 20.17 | |||
| Information Ratio | 0.0888 | |||
| Jensen Alpha | 0.3861 | |||
| Total Risk Alpha | 0.0316 | |||
| Sortino Ratio | 0.1132 | |||
| Treynor Ratio | 0.376 | |||
| Maximum Drawdown | 22.25 | |||
| Value At Risk | (6.64) | |||
| Potential Upside | 7.15 | |||
| Downside Variance | 12.42 | |||
| Semi Variance | 10.64 | |||
| Expected Short fall | (4.34) | |||
| Skewness | 0.7517 | |||
| Kurtosis | 1.13 |
MicroSectors FANG April 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MicroSectors stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 159,723 | ||
| Daily Balance Of Power | (1.13) | ||
| Rate Of Daily Change | 0.89 | ||
| Day Median Price | 267.59 | ||
| Day Typical Price | 264.38 | ||
| Price Action Indicator | (25.67) |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors FANG Index. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MicroSectors FANG Index information on this page should be used as a complementary analysis to other MicroSectors FANG's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of MicroSectors FANG Index is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors FANG's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors FANG'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 MicroSectors FANG's market value can be influenced by many factors that don't directly affect MicroSectors FANG'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 MicroSectors FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors FANG'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.