ProFunds Oil Equipment Svc Dist Inv holds Coefficient Of Variation of 218.45 and Risk Adjusted Performance of 0.21. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of ProFunds Oil as well as the relationship between them. In other words you can use this information to find out if the fund will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for ProFunds Oil Equipment which can be compared to its competitors. Please check ProFunds Oil Equipment Variance and Potential Upside to decide if ProFunds Oil Equipment is priced some-what accurately providing market reflects its current price of 13.96 per share.
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ProFunds Oil Equipment Technical Analysis
ProFunds Oil Equipment Trend AnalysisUse this graph to draw trend lines for ProFunds Oil Equipment Svc Dist Inv. You can use it to identify possible trend reversals for ProFunds Oil 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 ProFunds Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ProFunds Oil Best Fit Change LineThe following chart estimates an ordinary least squares regression model for ProFunds Oil Equipment Svc Dist Inv applied against its price change over selected period. The best fit line has a slop of 0.12 % which means ProFunds Oil Equipment Svc Dist Inv will continue generating value for investors. It has 34 observation points and a regression sum of squares at 10.98, which is the sum of squared deviations for the predicted ProFunds Oil price change compared to its average price change.
ProFunds Oil Equipment Svc Dist Inv is number one fund in mean deviation among similar funds. It is currently under evaluation in standard deviation among similar funds creating about 1.33 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProFunds Oil Equipment Svc Dist Inv is roughly 1.33