Procure Space Etf Technical Analysis
| UFO Etf | USD 15.11 0.19 1.24% |
As of the 18th of April 2024, Procure Space holds the Risk Adjusted Performance of (0.11), coefficient of variation of (529.40), and Variance of 1.5. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Procure Space, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Procure Space ETF, which can be compared to its competitors. Please check Procure Space ETF market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Procure Space ETF is priced some-what accurately, providing market reflects its current price of 15.11 per share.
Procure Space Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Procure, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProcureProcure |
Procure Space 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.
Procure Space ETF Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Procure Space ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Procure Space ETF Trend Analysis
Use this graph to draw trend lines for Procure Space ETF. You can use it to identify possible trend reversals for Procure Space 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 Procure Space price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Procure Space Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Procure Space ETF applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that the returns on investment in Procure Space ETF will continue to fail. It has 122 observation points and a regression sum of squares at 13.81, which is the sum of squared deviations for the predicted Procure Space price change compared to its average price change.About Procure Space 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 Procure Space ETF 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 Procure Space ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Procure Space ETF price pattern first instead of the macroeconomic environment surrounding Procure Space ETF. By analyzing Procure Space'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 Procure Space'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 Procure Space specific price patterns or momentum indicators. Please read more on our technical analysis page.
Procure Space April 18, 2024 Technical Indicators
Most technical analysis of Procure 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 Procure from various momentum indicators to cycle indicators. When you analyze Procure 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 | (0.11) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 0.9504 | |||
| Coefficient Of Variation | (529.40) | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.5 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 1.54 | |||
| Skewness | (0.03) | |||
| Kurtosis | 0.0546 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Procure Space ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Procure Space ETF information on this page should be used as a complementary analysis to other Procure Space'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of Procure Space ETF is measured differently than its book value, which is the value of Procure that is recorded on the company's balance sheet. Investors also form their own opinion of Procure Space's value that differs from its market value or its book value, called intrinsic value, which is Procure Space'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 Procure Space's market value can be influenced by many factors that don't directly affect Procure Space'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 Procure Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Procure Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Procure Space'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.