Xweb Etf Technical Analysis
XWEB Etf | USD 87.86 0.00 0.00% |
As of the 29th of March, XWEB maintains the Risk Adjusted Performance of 0.1077, mean deviation of 1.26, and Downside Deviation of 1.58. In relation to fundamental indicators, the technical analysis model lets you check available technical drivers of XWEB, as well as the relationship between them. Specifically, you can use this information to find out if the etf will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for XWEB, which can be compared to its rivals. Please check out XWEB information ratio, as well as the relationship between the value at risk and expected short fall to decide if XWEB is priced some-what accurately, providing market reflects its latest price of 87.86 per share.
XWEB Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as XWEB, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to XWEBXWEB |
XWEB 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.
XWEB Technical Analysis
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XWEB Trend Analysis
Use this graph to draw trend lines for XWEB. You can use it to identify possible trend reversals for XWEB 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 XWEB price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.XWEB Best Fit Change Line
The following chart estimates an ordinary least squares regression model for XWEB applied against its price change over selected period. The best fit line has a slop of 0.39 , which means XWEB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5771.8, which is the sum of squared deviations for the predicted XWEB price change compared to its average price change.About XWEB 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 XWEB 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 XWEB based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on XWEB price pattern first instead of the macroeconomic environment surrounding XWEB. By analyzing XWEB'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 XWEB'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 XWEB specific price patterns or momentum indicators. Please read more on our technical analysis page.
XWEB March 29, 2024 Technical Indicators
Most technical analysis of XWEB 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 XWEB from various momentum indicators to cycle indicators. When you analyze XWEB 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 | 0.1077 | |||
Market Risk Adjusted Performance | 0.4638 | |||
Mean Deviation | 1.26 | |||
Semi Deviation | 1.15 | |||
Downside Deviation | 1.58 | |||
Coefficient Of Variation | 550.26 | |||
Standard Deviation | 1.71 | |||
Variance | 2.93 | |||
Information Ratio | 0.1029 | |||
Jensen Alpha | 0.2181 | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | 0.1112 | |||
Treynor Ratio | 0.4538 | |||
Maximum Drawdown | 7.59 | |||
Value At Risk | (2.37) | |||
Potential Upside | 3.36 | |||
Downside Variance | 2.51 | |||
Semi Variance | 1.33 | |||
Expected Short fall | (1.59) | |||
Skewness | 0.38 | |||
Kurtosis | 1.09 |
XWEB One Year Return
Based on the recorded statements, XWEB has an One Year Return of 30.7%. This is 295.62% higher than that of the SPDR State Street Global Advisors family and 57.88% higher than that of the Technology 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. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the XWEB information on this page should be used as a complementary analysis to other XWEB'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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for XWEB Etf analysis
When running XWEB's price analysis, check to measure XWEB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XWEB is operating at the current time. Most of XWEB's value examination focuses on studying past and present price action to predict the probability of XWEB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XWEB's price. Additionally, you may evaluate how the addition of XWEB to your portfolios can decrease your overall portfolio volatility.
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The market value of XWEB is measured differently than its book value, which is the value of XWEB that is recorded on the company's balance sheet. Investors also form their own opinion of XWEB's value that differs from its market value or its book value, called intrinsic value, which is XWEB'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 XWEB's market value can be influenced by many factors that don't directly affect XWEB'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 XWEB's value and its price as these two are different measures arrived at by different means. Investors typically determine if XWEB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XWEB'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.