Pbnd Etf Technical Analysis
| PBND Etf | USD 21.77 0.00 0.00% |
As of the 23rd of April, PBND holds the market risk adjusted performance of (0.1), and Coefficient Of Variation of 1827491.12. In respect to fundamental indicators, the technical analysis model allows you to check helpful technical drivers of PBND, as well as the relationship between them. Put it differently, you can use this information to find out if the entity will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for PBND, which can be compared to its competitors. Please check PBND value at risk, and the relationship between the jensen alpha and semi variance to decide if PBND is priced fairly, providing market reflects its current price of 21.77 per share.
PBND Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PBND, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PBNDPBND |
PBND 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.
PBND Technical Analysis
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PBND Trend Analysis
Use this graph to draw trend lines for PBND. You can use it to identify possible trend reversals for PBND 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 PBND price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.PBND Best Fit Change Line
The following chart estimates an ordinary least squares regression model for PBND applied against its price change over selected period. The best fit line has a slop of 0.0054 , which may suggest that PBND market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.11, which is the sum of squared deviations for the predicted PBND price change compared to its average price change.About PBND 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 PBND 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 PBND based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on PBND price pattern first instead of the macroeconomic environment surrounding PBND. By analyzing PBND'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 PBND'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 PBND specific price patterns or momentum indicators. Please read more on our technical analysis page.
PBND April 23, 2024 Technical Indicators
Most technical analysis of PBND 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 PBND from various momentum indicators to cycle indicators. When you analyze PBND 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 0.2758 | |||
| Semi Deviation | 0.3281 | |||
| Downside Deviation | 0.4171 | |||
| Coefficient Of Variation | 1827491.12 | |||
| Standard Deviation | 0.3816 | |||
| Variance | 0.1456 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.6481 | |||
| Downside Variance | 0.1739 | |||
| Semi Variance | 0.1077 | |||
| Expected Short fall | (0.40) | |||
| Skewness | 0.1282 | |||
| Kurtosis | 0.5485 |
PBND One Year Return
Based on the recorded statements, PBND has an One Year Return of -15.45%. This is 522.13% lower than that of the Invesco family and significantly lower than that of the Intermediate-Term Bond 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of PBND is measured differently than its book value, which is the value of PBND that is recorded on the company's balance sheet. Investors also form their own opinion of PBND's value that differs from its market value or its book value, called intrinsic value, which is PBND'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 PBND's market value can be influenced by many factors that don't directly affect PBND'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 PBND's value and its price as these two are different measures arrived at by different means. Investors typically determine if PBND is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PBND'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.