Global X Technical Analysis

Global X FinTech ETF -- USA Etf  

USD 23.35  0.52  2.18%

Global X FinTech ETF retains Downside Deviation of 1.39, Market Risk Adjusted Performance of 0.076466 and Risk Adjusted Performance of 0.0367. Global X technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the entity future prices. In other words 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 found nineteen technical drivers for Global X FinTech which can be compared to its competitors. Please check out Global X FinTech Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if Global X is priced fairly providing market reflects its last-minute price of 23.35 per share.
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Global X FinTech Technical Analysis

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The output start index for this execution was six with a total number of output elements of eleven. 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 Global X FinTech volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Global X FinTech Trend Analysis

Use this graph to draw trend lines for Global X FinTech ETF. You can use it to identify possible trend reversals for Global X 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 Global X price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Global X Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Global X FinTech ETF applied against its price change over selected period. The best fit line has a slop of 0.019835 % which means Global X FinTech ETF will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.32, which is the sum of squared deviations for the predicted Global X price change compared to its average price change.

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Global X FinTech ETF is rated # 2 ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.27  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Global X FinTech ETF is roughly  1.27 

Fundamentals Correlations

Analyze Global X Fundamentals Trends

Global X Market Strength

Global X March 24, 2018 Daily Price Condition