Adre Etf Technical Analysis
| ADRE Etf | USD 38.20 0.00 0.00% |
As of the 18th of April 2024, ADRE shows the risk adjusted performance of 0.0239, and Mean Deviation of 0.9225. ADRE technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. 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 interpolate data for nineteen technical drivers for ADRE, which can be compared to its peers. Please confirm ADRE value at risk, and the relationship between the jensen alpha and semi variance to decide if ADRE is priced adequately, providing market reflects its regular price of 38.2 per share.
ADRE Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ADRE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ADREADRE |
ADRE 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.
ADRE Technical Analysis
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ADRE Trend Analysis
Use this graph to draw trend lines for ADRE. You can use it to identify possible trend reversals for ADRE 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 ADRE price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ADRE Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ADRE applied against its price change over selected period. The best fit line has a slop of 0.1 , which may suggest that ADRE market price will keep on failing further. It has 122 observation points and a regression sum of squares at 407.76, which is the sum of squared deviations for the predicted ADRE price change compared to its average price change.About ADRE 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 ADRE 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 ADRE based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ADRE price pattern first instead of the macroeconomic environment surrounding ADRE. By analyzing ADRE'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 ADRE'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 ADRE specific price patterns or momentum indicators. Please read more on our technical analysis page.
ADRE April 18, 2024 Technical Indicators
Most technical analysis of ADRE 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 ADRE from various momentum indicators to cycle indicators. When you analyze ADRE 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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| Overlap Studies | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0239 | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 0.9225 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.38 | |||
| Coefficient Of Variation | 3330.98 | |||
| Standard Deviation | 1.26 | |||
| Variance | 1.59 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0516 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.7 | |||
| Downside Variance | 1.89 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (1.09) | |||
| Skewness | 0.0233 | |||
| Kurtosis | 1.52 |
ADRE One Year Return
Based on the recorded statements, ADRE has an One Year Return of -34.2%. This is 1034.43% lower than that of the Invesco family and 132.34% higher than that of the Diversified Emerging Mkts category. The one year return for all United States etfs is notably higher than that of the company.
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 Trending Equities 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 metropolitan statistical area. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of ADRE is measured differently than its book value, which is the value of ADRE that is recorded on the company's balance sheet. Investors also form their own opinion of ADRE's value that differs from its market value or its book value, called intrinsic value, which is ADRE'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 ADRE's market value can be influenced by many factors that don't directly affect ADRE'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 ADRE's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADRE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADRE'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.