Flm Etf Technical Analysis
| FLM Etf | USD 56.39 0.43 0.77% |
As of the 18th of April 2024, FLM shows the Semi Deviation of 0.2788, downside deviation of 0.6641, and Mean Deviation of 0.6387. FLM 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 break down and interpolate nineteen technical drivers for FLM, which can be compared to its peers. Please confirm FLM coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if FLM is priced adequately, providing market reflects its regular price of 56.39 per share.
FLM Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as FLM, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FLMFLM |
FLM 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.
FLM Technical Analysis
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FLM Trend Analysis
Use this graph to draw trend lines for FLM. You can use it to identify possible trend reversals for FLM 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 FLM price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.FLM Best Fit Change Line
The following chart estimates an ordinary least squares regression model for FLM applied against its price change over selected period. The best fit line has a slop of 0.09 , which may imply that FLM will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 329.43, which is the sum of squared deviations for the predicted FLM price change compared to its average price change.About FLM 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 FLM 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 FLM based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on FLM price pattern first instead of the macroeconomic environment surrounding FLM. By analyzing FLM'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 FLM'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 FLM specific price patterns or momentum indicators. Please read more on our technical analysis page.
FLM April 18, 2024 Technical Indicators
Most technical analysis of FLM 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 FLM from various momentum indicators to cycle indicators. When you analyze FLM 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1564 | |||
| Market Risk Adjusted Performance | 1.58 | |||
| Mean Deviation | 0.6387 | |||
| Semi Deviation | 0.2788 | |||
| Downside Deviation | 0.6641 | |||
| Coefficient Of Variation | 410.13 | |||
| Standard Deviation | 0.8569 | |||
| Variance | 0.7342 | |||
| Information Ratio | 0.1791 | |||
| Jensen Alpha | 0.1932 | |||
| Total Risk Alpha | 0.1371 | |||
| Sortino Ratio | 0.231 | |||
| Treynor Ratio | 1.57 | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.66 | |||
| Downside Variance | 0.4411 | |||
| Semi Variance | 0.0777 | |||
| Expected Short fall | (0.77) | |||
| Skewness | 0.9403 | |||
| Kurtosis | 2.15 |
FLM One Year Return
Based on the recorded statements, FLM has an One Year Return of 22.1%. This is 142.32% higher than that of the First Trust 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 Investing Opportunities 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 bureau of economic analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of FLM is measured differently than its book value, which is the value of FLM that is recorded on the company's balance sheet. Investors also form their own opinion of FLM's value that differs from its market value or its book value, called intrinsic value, which is FLM'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 FLM's market value can be influenced by many factors that don't directly affect FLM'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 FLM's value and its price as these two are different measures arrived at by different means. Investors typically determine if FLM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FLM'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.