Communication Services Select Etf Technical Analysis
| XLC Etf | USD 80.79 1.21 1.52% |
As of the 24th of April, Communication Services shows the Mean Deviation of 0.7556, risk adjusted performance of 0.0652, and Downside Deviation of 0.9885. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Communication Services, as well as the relationship between them. 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 Communication Services Select, which can be compared to its peers. Please confirm Communication Services variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Communication Services is priced correctly, providing market reflects its regular price of 80.79 per share.
Communication Services Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Communication, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CommunicationCommunication |
Communication Services 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.
Communication Services Technical Analysis
The output start index for this execution was eight with a total number of output elements of fifty-three. 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 Communication Services volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Communication Services Trend Analysis
Use this graph to draw trend lines for Communication Services Select. You can use it to identify possible trend reversals for Communication Services 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 Communication Services price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Communication Services Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Communication Services Select applied against its price change over selected period. The best fit line has a slop of 0.07 , which may imply that Communication Services Select will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 175.53, which is the sum of squared deviations for the predicted Communication Services price change compared to its average price change.About Communication Services 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 Communication Services Select 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 Communication Services Select based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Communication Services price pattern first instead of the macroeconomic environment surrounding Communication Services. By analyzing Communication Services'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 Communication Services'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 Communication Services specific price patterns or momentum indicators. Please read more on our technical analysis page.
Communication Services April 24, 2024 Technical Indicators
Most technical analysis of Communication 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 Communication from various momentum indicators to cycle indicators. When you analyze Communication 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 | 0.0652 | |||
| Market Risk Adjusted Performance | 0.3669 | |||
| Mean Deviation | 0.7556 | |||
| Semi Deviation | 0.8656 | |||
| Downside Deviation | 0.9885 | |||
| Coefficient Of Variation | 1007.08 | |||
| Standard Deviation | 1.03 | |||
| Variance | 1.07 | |||
| Information Ratio | 0.0129 | |||
| Jensen Alpha | 0.072 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.3569 | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.61 | |||
| Downside Variance | 0.9772 | |||
| Semi Variance | 0.7493 | |||
| Expected Short fall | (0.81) | |||
| Skewness | 0.5189 | |||
| Kurtosis | 2.31 |
Communication Services One Year Return
Based on the recorded statements, Communication Services Select has an One Year Return of 39.2%. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Communications 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.Communication Services April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Communication stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 68,132 | ||
| Daily Balance Of Power | 1.11 | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 80.54 | ||
| Day Typical Price | 80.62 | ||
| Price Action Indicator | 0.86 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Communication Services Select. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Communication Services is measured differently than its book value, which is the value of Communication that is recorded on the company's balance sheet. Investors also form their own opinion of Communication Services' value that differs from its market value or its book value, called intrinsic value, which is Communication Services' 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 Communication Services' market value can be influenced by many factors that don't directly affect Communication Services' 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 Communication Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Communication Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Communication Services' 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.