Pgal Etf Technical Analysis
| PGAL Etf | USD 10.32 0.00 0.00% |
As of the 19th of April, PGAL owns the market risk adjusted performance of 0.0976, and Coefficient Of Variation of (6,473). Compared to fundamental indicators, the technical analysis model allows you to check helpful technical drivers of PGAL, 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 historical prices and volume patterns, or the prices will eventually revert. We were able to analyze thirteen technical drivers for PGAL, which can be compared to its peers in the sector. Please check PGAL market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if PGAL is priced some-what accurately, providing market reflects its prevailing price of 10.32 per share.
PGAL Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PGAL, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PGALPGAL |
PGAL 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.
PGAL Technical Analysis
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PGAL Trend Analysis
Use this graph to draw trend lines for PGAL. You can use it to identify possible trend reversals for PGAL 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 PGAL price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.PGAL Best Fit Change Line
The following chart estimates an ordinary least squares regression model for PGAL applied against its price change over selected period. The best fit line has a slop of 0.0066 , which may suggest that PGAL market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.66, which is the sum of squared deviations for the predicted PGAL price change compared to its average price change.About PGAL 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 PGAL 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 PGAL based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on PGAL price pattern first instead of the macroeconomic environment surrounding PGAL. By analyzing PGAL'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 PGAL'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 PGAL specific price patterns or momentum indicators. Please read more on our technical analysis page.
PGAL April 19, 2024 Technical Indicators
Most technical analysis of PGAL 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 PGAL from various momentum indicators to cycle indicators. When you analyze PGAL 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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| Math Transform | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.0976 | |||
| Mean Deviation | 0.6935 | |||
| Coefficient Of Variation | (6,473) | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.76 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.0876 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.91 | |||
| Skewness | 1.69 | |||
| Kurtosis | 10.52 |
PGAL One Year Return
Based on the recorded statements, PGAL has an One Year Return of 3.5%. This is 173.84% lower than that of the Global X Funds family and 170.47% lower than that of the Miscellaneous Region category. The one year return for all United States etfs is notably lower than that of the firm.
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 nation. Note that the PGAL information on this page should be used as a complementary analysis to other PGAL'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of PGAL is measured differently than its book value, which is the value of PGAL that is recorded on the company's balance sheet. Investors also form their own opinion of PGAL's value that differs from its market value or its book value, called intrinsic value, which is PGAL'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 PGAL's market value can be influenced by many factors that don't directly affect PGAL'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 PGAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGAL'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.