Industrial Select Sector Etf Technical Analysis
| XLI Etf | USD 121.11 0.63 0.52% |
As of the 18th of April 2024, Industrial Select retains the Downside Deviation of 0.6453, market risk adjusted performance of 0.1214, and Risk Adjusted Performance of 0.1096. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Industrial Select Sector, as well as the relationship between them. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Industrial Select Sector, which can be compared to its competitors. Please check out Industrial Select Sector downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Industrial Select is priced fairly, providing market reflects its last-minute price of 121.11 per share.
Industrial Select Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Industrial, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IndustrialIndustrial |
Industrial Select 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.
Industrial Select Sector Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Industrial Select Sector volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Industrial Select Sector Trend Analysis
Use this graph to draw trend lines for Industrial Select Sector. You can use it to identify possible trend reversals for Industrial Select 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 Industrial Select price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Industrial Select Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Industrial Select Sector applied against its price change over selected period. The best fit line has a slop of 0.21 , which may imply that Industrial Select Sector will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1600.68, which is the sum of squared deviations for the predicted Industrial Select price change compared to its average price change.About Industrial Select 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 Industrial Select Sector 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 Industrial Select Sector based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Industrial Select Sector price pattern first instead of the macroeconomic environment surrounding Industrial Select Sector. By analyzing Industrial Select'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 Industrial Select'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 Industrial Select specific price patterns or momentum indicators. Please read more on our technical analysis page.
Industrial Select April 18, 2024 Technical Indicators
Most technical analysis of Industrial 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 Industrial from various momentum indicators to cycle indicators. When you analyze Industrial 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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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.1096 | |||
| Market Risk Adjusted Performance | 0.1214 | |||
| Mean Deviation | 0.5936 | |||
| Semi Deviation | 0.4615 | |||
| Downside Deviation | 0.6453 | |||
| Coefficient Of Variation | 582.35 | |||
| Standard Deviation | 0.7244 | |||
| Variance | 0.5247 | |||
| Information Ratio | 0.0951 | |||
| Jensen Alpha | 0.0677 | |||
| Total Risk Alpha | 0.0621 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | 0.1114 | |||
| Maximum Drawdown | 2.78 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.39 | |||
| Downside Variance | 0.4164 | |||
| Semi Variance | 0.213 | |||
| Expected Short fall | (0.64) | |||
| Skewness | 0.2899 | |||
| Kurtosis | (0.60) |
Industrial Select Sector One Year Return
Based on the recorded statements, Industrial Select Sector has an One Year Return of 23.9%. This is 207.99% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Industrials 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Industrial Select Sector. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of Industrial Select Sector is measured differently than its book value, which is the value of Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of Industrial Select's value that differs from its market value or its book value, called intrinsic value, which is Industrial Select'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 Industrial Select's market value can be influenced by many factors that don't directly affect Industrial Select'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 Industrial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Select'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.