Weitz Ultra Technical Analysis

WU
SAFEX -- USA Fund  

USD 10.02  0.01  0.1%

As of the 2nd of June Weitz Ultra maintains Mean Deviation of 0.0507, Downside Deviation of 0.1237 and Market Risk Adjusted Performance of 3.69. Relative to Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Weitz Ultra Short as well as the relationship between them. Specifically, you can use this information to find out if the fund will indeed mirror its model of past data patterns or the prices will eventually revert. We found nineteen technical drivers for Weitz Ultra Short, which can be compared to its rivals. Please check out Weitz Ultra Short Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Weitz Ultra Short is priced fairly providing market reflects its latest price of 10.02 per share.

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Weitz Ultra technical mutual fund 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, stock market cycles, or different charting patterns.
A focus of Weitz Ultra technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst, therefore, looks at the history of Weitz Ultra trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Weitz Ultra Short Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Weitz Ultra Short volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Weitz Ultra Short Trend Analysis

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

Weitz Ultra Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Weitz Ultra Short applied against its price change over selected period. The best fit line has a slop of   -0.0001  which may suggest that Weitz Ultra Short market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Weitz Ultra price change compared to its average price change.

About Weitz Ultra Technical Analysis

The Macroaxis 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 Weitz Ultra Short 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 Weitz Ultra Short based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Weitz Ultra Short stock first instead of the macroeconomic environment surrounding Weitz Ultra Short. By analyzing Weitz Ultra's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Weitz Ultra'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 Weitz Ultra specific price patterns or momentum indicators. Please read more on our technical analysis page.

Weitz Ultra June 2, 2020 Technical Indicators

Weitz Ultra June 2, 2020 Daily Price Condition

The investment seeks current income consistent with the preservation of capital and maintenance of liquidity. Weitz Ultra is traded on BATS Exchange in USA.
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