Clough Global Opportunities Etf Technical Analysis
| XGLOX Etf | USD 5.88 0.08 1.34% |
As of the 25th of April, Clough Global shows the Mean Deviation of 0.5527, downside deviation of 0.7401, and Risk Adjusted Performance of 0.0482. Our technical analysis interface gives you tools to check existing technical drivers of Clough Global Opport, 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 were able to break down and interpolate data for nineteen technical drivers for Clough Global Opportunities, which can be compared to its peers. Please confirm Clough Global Opport information ratio and downside variance to decide if Clough Global Opport is priced correctly, providing market reflects its regular price of 5.88 per share.
Clough Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Clough, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CloughClough |
Clough Global 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.
Clough Global Opport Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Clough Global Opport volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Clough Global Opport Trend Analysis
Use this graph to draw trend lines for Clough Global Opportunities. You can use it to identify possible trend reversals for Clough Global 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 Clough Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Clough Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Clough Global Opportunities applied against its price change over selected period. The best fit line has a slop of 0 , which means Clough Global Opportunities will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.68, which is the sum of squared deviations for the predicted Clough Global price change compared to its average price change.About Clough Global 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 Clough Global Opportunities 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 Clough Global Opportunities based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Clough Global Opport price pattern first instead of the macroeconomic environment surrounding Clough Global Opport. By analyzing Clough Global'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 Clough Global'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 Clough Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Clough Global April 25, 2024 Technical Indicators
Most technical analysis of Clough 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 Clough from various momentum indicators to cycle indicators. When you analyze Clough 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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| Risk Adjusted Performance | 0.0482 | |||
| Market Risk Adjusted Performance | 0.3832 | |||
| Mean Deviation | 0.5527 | |||
| Semi Deviation | 0.6011 | |||
| Downside Deviation | 0.7401 | |||
| Coefficient Of Variation | 1317.68 | |||
| Standard Deviation | 0.6865 | |||
| Variance | 0.4713 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3732 | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9934 | |||
| Downside Variance | 0.5478 | |||
| Semi Variance | 0.3613 | |||
| Expected Short fall | (0.62) | |||
| Skewness | 0.0491 | |||
| Kurtosis | (0.06) |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Clough Global Opportunities. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Clough Global Opport is measured differently than its book value, which is the value of Clough that is recorded on the company's balance sheet. Investors also form their own opinion of Clough Global's value that differs from its market value or its book value, called intrinsic value, which is Clough Global'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 Clough Global's market value can be influenced by many factors that don't directly affect Clough Global'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 Clough Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clough Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clough Global'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.