Mh Elite Fund Technical Analysis
| MHEFX Fund | USD 8.14 0.02 0.25% |
As of the 18th of April 2024, Mh Elite owns the Mean Deviation of 0.5429, market risk adjusted performance of 0.3512, and Standard Deviation of 0.747. In respect to fundamental indicators, the technical analysis model lets you check possible technical drivers of Mh Elite Fund, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Mh Elite, which can be compared to its peers in the sector. Please verify Mh Elite Fund standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Mh Elite Fund is priced more or less accurately, providing market reflects its prevailing price of 8.14 per share.
Mh Elite Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MHEFX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MHEFXMHEFX |
Mh Elite technical mutual fund 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, fund market cycles, or different charting patterns.
Mh Elite Fund Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Mh Elite Fund volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mh Elite Fund Trend Analysis
Use this graph to draw trend lines for Mh Elite Fund. You can use it to identify possible trend reversals for Mh Elite 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 Mh Elite price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mh Elite Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mh Elite Fund applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Mh Elite Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.29, which is the sum of squared deviations for the predicted Mh Elite price change compared to its average price change.About Mh Elite 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 Mh Elite Fund 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 Mh Elite Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Mh Elite Fund price pattern first instead of the macroeconomic environment surrounding Mh Elite Fund. By analyzing Mh Elite'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 Mh Elite'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 Mh Elite specific price patterns or momentum indicators. Please read more on our technical analysis page.
Mh Elite April 18, 2024 Technical Indicators
Most technical analysis of MHEFX 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 MHEFX from various momentum indicators to cycle indicators. When you analyze MHEFX 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 | 0.0617 | |||
| Market Risk Adjusted Performance | 0.3512 | |||
| Mean Deviation | 0.5429 | |||
| Semi Deviation | 0.6913 | |||
| Downside Deviation | 0.9167 | |||
| Coefficient Of Variation | 1047.55 | |||
| Standard Deviation | 0.747 | |||
| Variance | 0.5581 | |||
| Information Ratio | 0.0212 | |||
| Jensen Alpha | 0.0531 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 0.3412 | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.14 | |||
| Downside Variance | 0.8403 | |||
| Semi Variance | 0.4779 | |||
| Expected Short fall | (0.61) | |||
| Skewness | (0.51) | |||
| Kurtosis | 1.57 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mh Elite Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Mh Elite Fund information on this page should be used as a complementary analysis to other Mh Elite'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.