Microsectorstm Oil Gas Etf Technical Analysis
| OILD Etf | USD 13.43 0.22 1.61% |
As of the 24th of April, MicroSectorsTM Oil secures the Standard Deviation of 2.64, risk adjusted performance of (0.18), and Mean Deviation of 2.06. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MicroSectorsTM Oil Gas, as well as the relationship between them. 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 break down and interpolate thirteen technical drivers for MicroSectorsTM Oil, which can be compared to its peers in the industry. Please verify MicroSectorsTM Oil Gas mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if MicroSectorsTM Oil Gas is priced some-what accurately, providing market reflects its recent price of 13.43 per share.
MicroSectorsTM Oil Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MicroSectorsTM, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MicroSectorsTMMicroSectorsTM |
MicroSectorsTM Oil 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.
MicroSectorsTM Oil Gas 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 MicroSectorsTM Oil Gas volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MicroSectorsTM Oil Gas Trend Analysis
Use this graph to draw trend lines for MicroSectorsTM Oil Gas. You can use it to identify possible trend reversals for MicroSectorsTM Oil 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 MicroSectorsTM Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MicroSectorsTM Oil Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MicroSectorsTM Oil Gas applied against its price change over selected period. The best fit line has a slop of 0.16 , which may suggest that MicroSectorsTM Oil Gas market price will keep on failing further. It has 122 observation points and a regression sum of squares at 965.1, which is the sum of squared deviations for the predicted MicroSectorsTM Oil price change compared to its average price change.About MicroSectorsTM Oil 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 MicroSectorsTM Oil Gas 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 MicroSectorsTM Oil Gas based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on MicroSectorsTM Oil Gas price pattern first instead of the macroeconomic environment surrounding MicroSectorsTM Oil Gas. By analyzing MicroSectorsTM Oil'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 MicroSectorsTM Oil'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 MicroSectorsTM Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
MicroSectorsTM Oil April 24, 2024 Technical Indicators
Most technical analysis of MicroSectorsTM 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 MicroSectorsTM from various momentum indicators to cycle indicators. When you analyze MicroSectorsTM 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 | (0.18) | |||
| Market Risk Adjusted Performance | 0.4493 | |||
| Mean Deviation | 2.06 | |||
| Coefficient Of Variation | (327.83) | |||
| Standard Deviation | 2.64 | |||
| Variance | 6.97 | |||
| Information Ratio | (0.34) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 0.4393 | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 3.31 | |||
| Skewness | (0.01) | |||
| Kurtosis | 0.5475 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in MicroSectorsTM Oil Gas. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of MicroSectorsTM Oil Gas is measured differently than its book value, which is the value of MicroSectorsTM that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectorsTM Oil's value that differs from its market value or its book value, called intrinsic value, which is MicroSectorsTM Oil'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 MicroSectorsTM Oil's market value can be influenced by many factors that don't directly affect MicroSectorsTM Oil'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 MicroSectorsTM Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectorsTM Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectorsTM Oil'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.