Point Bridge Gop Etf Technical Analysis
| MAGA Etf | USD 43.72 0.11 0.25% |
As of the 18th of April 2024, Point Bridge holds the Risk Adjusted Performance of 0.0776, coefficient of variation of 823.82, and Semi Deviation of 0.6719. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Point Bridge, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Point Bridge GOP, which can be compared to its competitors. Please check Point Bridge GOP standard deviation, treynor ratio, downside variance, as well as the relationship between the information ratio and value at risk to decide if Point Bridge GOP is priced some-what accurately, providing market reflects its current price of 43.72 per share.
Point Bridge Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Point, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PointPoint |
Point Bridge 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.
Point Bridge GOP 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 Point Bridge GOP volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Point Bridge GOP Trend Analysis
Use this graph to draw trend lines for Point Bridge GOP. You can use it to identify possible trend reversals for Point Bridge 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 Point Bridge price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Point Bridge Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Point Bridge GOP applied against its price change over selected period. The best fit line has a slop of 0.07 , which means Point Bridge GOP will continue generating value for investors. It has 122 observation points and a regression sum of squares at 193.04, which is the sum of squared deviations for the predicted Point Bridge price change compared to its average price change.About Point Bridge 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 Point Bridge GOP 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 Point Bridge GOP based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Point Bridge GOP price pattern first instead of the macroeconomic environment surrounding Point Bridge GOP. By analyzing Point Bridge'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 Point Bridge'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 Point Bridge specific price patterns or momentum indicators. Please read more on our technical analysis page.
Point Bridge April 18, 2024 Technical Indicators
Most technical analysis of Point 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 Point from various momentum indicators to cycle indicators. When you analyze Point 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 | 0.0776 | |||
| Market Risk Adjusted Performance | 0.0825 | |||
| Mean Deviation | 0.5711 | |||
| Semi Deviation | 0.6719 | |||
| Downside Deviation | 0.7934 | |||
| Coefficient Of Variation | 823.82 | |||
| Standard Deviation | 0.704 | |||
| Variance | 0.4956 | |||
| Information Ratio | 0.0426 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | 0.0247 | |||
| Sortino Ratio | 0.0378 | |||
| Treynor Ratio | 0.0725 | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 0.9956 | |||
| Downside Variance | 0.6295 | |||
| Semi Variance | 0.4515 | |||
| Expected Short fall | (0.55) | |||
| Skewness | (0.39) | |||
| Kurtosis | (0.39) |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Point Bridge GOP. 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 Point Bridge GOP information on this page should be used as a complementary analysis to other Point Bridge'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Point Bridge GOP is measured differently than its book value, which is the value of Point that is recorded on the company's balance sheet. Investors also form their own opinion of Point Bridge's value that differs from its market value or its book value, called intrinsic value, which is Point Bridge'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 Point Bridge's market value can be influenced by many factors that don't directly affect Point Bridge'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 Point Bridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Point Bridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Point Bridge'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.