Basic Materials Fund Technical Analysis
| RYBMX Fund | USD 76.66 0.08 0.10% |
As of the 19th of April, Basic Materials shows the Risk Adjusted Performance of 0.0717, downside deviation of 1.15, and Mean Deviation of 0.756. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Basic Materials, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for nineteen technical drivers for Basic Materials Fund, which can be compared to its peers. Please confirm Basic Materials information ratio and downside variance to decide if Basic Materials is priced correctly, providing market reflects its regular price of 76.66 per share.
Basic Materials Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Basic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BasicBasic |
Basic Materials 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.
Basic Materials 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 Basic Materials volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Basic Materials Trend Analysis
Use this graph to draw trend lines for Basic Materials Fund. You can use it to identify possible trend reversals for Basic Materials 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 Basic Materials price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Basic Materials Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Basic Materials Fund applied against its price change over selected period. The best fit line has a slop of 0.14 , which means Basic Materials Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 782.12, which is the sum of squared deviations for the predicted Basic Materials price change compared to its average price change.About Basic Materials 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 Basic Materials 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 Basic Materials Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Basic Materials price pattern first instead of the macroeconomic environment surrounding Basic Materials. By analyzing Basic Materials'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 Basic Materials'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 Basic Materials specific price patterns or momentum indicators. Please read more on our technical analysis page.
Basic Materials April 19, 2024 Technical Indicators
Most technical analysis of Basic 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 Basic from various momentum indicators to cycle indicators. When you analyze Basic 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 | 0.0717 | |||
| Market Risk Adjusted Performance | 0.0819 | |||
| Mean Deviation | 0.756 | |||
| Semi Deviation | 1.01 | |||
| Downside Deviation | 1.15 | |||
| Coefficient Of Variation | 907.65 | |||
| Standard Deviation | 0.9713 | |||
| Variance | 0.9434 | |||
| Information Ratio | 0.0396 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | 0.0049 | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 0.0719 | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.61 | |||
| Downside Variance | 1.32 | |||
| Semi Variance | 1.02 | |||
| Expected Short fall | (0.71) | |||
| Skewness | (0.50) | |||
| Kurtosis | 0.321 |
Basic Materials April 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Basic stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 76.66 | ||
| Day Typical Price | 76.66 | ||
| Price Action Indicator | 0.04 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Basic Materials 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 population. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.