Ershares Entrepreneurs Etf Technical Analysis
| ENTR Etf | USD 15.15 0.35 2.26% |
As of the 16th of April 2024, ERShares Entrepreneurs shows the Downside Deviation of 1.29, market risk adjusted performance of (3.30), and Mean Deviation of 1.1. ERShares Entrepreneurs technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 and analyze data for nineteen technical drivers for ERShares Entrepreneurs ETF, which can be compared to its peers. Please confirm ERShares Entrepreneurs variance and potential upside to decide if ERShares Entrepreneurs is priced fairly, providing market reflects its regular price of 15.15 per share.
ERShares Entrepreneurs Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ERShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ERSharesERShares |
ERShares Entrepreneurs 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.
ERShares Entrepreneurs Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 ERShares Entrepreneurs volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ERShares Entrepreneurs Trend Analysis
Use this graph to draw trend lines for ERShares Entrepreneurs ETF. You can use it to identify possible trend reversals for ERShares Entrepreneurs 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 ERShares Entrepreneurs price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ERShares Entrepreneurs Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ERShares Entrepreneurs ETF applied against its price change over selected period. The best fit line has a slop of 0.04 , which means ERShares Entrepreneurs ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 55.22, which is the sum of squared deviations for the predicted ERShares Entrepreneurs price change compared to its average price change.About ERShares Entrepreneurs 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 ERShares Entrepreneurs 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 ERShares Entrepreneurs ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ERShares Entrepreneurs price pattern first instead of the macroeconomic environment surrounding ERShares Entrepreneurs. By analyzing ERShares Entrepreneurs'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 ERShares Entrepreneurs'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 ERShares Entrepreneurs specific price patterns or momentum indicators. Please read more on our technical analysis page.
ERShares Entrepreneurs April 16, 2024 Technical Indicators
Most technical analysis of ERShares 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 ERShares from various momentum indicators to cycle indicators. When you analyze ERShares 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 | 0.1102 | |||
| Market Risk Adjusted Performance | (3.30) | |||
| Mean Deviation | 1.1 | |||
| Semi Deviation | 0.9641 | |||
| Downside Deviation | 1.29 | |||
| Coefficient Of Variation | 599.55 | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.0 | |||
| Information Ratio | 0.1225 | |||
| Jensen Alpha | 0.2297 | |||
| Total Risk Alpha | 0.1071 | |||
| Sortino Ratio | 0.1345 | |||
| Treynor Ratio | (3.31) | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.65 | |||
| Downside Variance | 1.66 | |||
| Semi Variance | 0.9295 | |||
| Expected Short fall | (1.25) | |||
| Skewness | 0.4461 | |||
| Kurtosis | 0.5938 |
ERShares Entrepreneurs One Year Return
Based on the recorded statements, ERShares Entrepreneurs ETF has an One Year Return of 41.5%. This is much higher than that of the EntrepreneurShares family and significantly higher than that of the Large Growth 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ERShares Entrepreneurs 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 estimate. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of ERShares Entrepreneurs is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Entrepreneurs' value that differs from its market value or its book value, called intrinsic value, which is ERShares Entrepreneurs' 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 ERShares Entrepreneurs' market value can be influenced by many factors that don't directly affect ERShares Entrepreneurs' 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 ERShares Entrepreneurs' value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Entrepreneurs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Entrepreneurs' 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.