Gri Bio Etf Technical Analysis
| GRI Etf | USD 0.40 0.02 4.76% |
As of the 9th of May, GRI Bio retains the Risk Adjusted Performance of (0.20), coefficient of variation of (293.52), and Market Risk Adjusted Performance of 3.69. GRI Bio technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, 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 were able to interpolate data for thirteen technical drivers for GRI Bio, which can be compared to its competitors. Please check out GRI Bio coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and skewness to decide if GRI Bio is priced correctly, providing market reflects its last-minute price of 0.4 per share.
GRI Bio Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as GRI, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GRIGRI |
GRI Bio 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.
GRI Bio Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 GRI Bio volatility. High ATR values indicate high volatility, and low values indicate low volatility.
GRI Bio Trend Analysis
Use this graph to draw trend lines for GRI Bio. You can use it to identify possible trend reversals for GRI Bio 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 GRI Bio price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.GRI Bio Best Fit Change Line
The following chart estimates an ordinary least squares regression model for GRI Bio applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that the returns on investment in GRI Bio will continue to fail. It has 122 observation points and a regression sum of squares at 5.01, which is the sum of squared deviations for the predicted GRI Bio price change compared to its average price change.About GRI Bio 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 GRI Bio 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 GRI Bio based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on GRI Bio price pattern first instead of the macroeconomic environment surrounding GRI Bio. By analyzing GRI Bio'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 GRI Bio'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 GRI Bio specific price patterns or momentum indicators. Please read more on our technical analysis page.
GRI Bio May 9, 2024 Technical Indicators
Most technical analysis of GRI 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 GRI from various momentum indicators to cycle indicators. When you analyze GRI 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 | (0.20) | |||
| Market Risk Adjusted Performance | 3.69 | |||
| Mean Deviation | 3.53 | |||
| Coefficient Of Variation | (293.52) | |||
| Standard Deviation | 5.21 | |||
| Variance | 27.16 | |||
| Information Ratio | (0.36) | |||
| Jensen Alpha | (1.75) | |||
| Total Risk Alpha | (2.44) | |||
| Treynor Ratio | 3.68 | |||
| Maximum Drawdown | 35.31 | |||
| Value At Risk | (9.70) | |||
| Potential Upside | 5.26 | |||
| Skewness | (1.75) | |||
| Kurtosis | 7.19 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRI Bio. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in GRI Etf please use our How to Invest in GRI Bio guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of GRI Bio is measured differently than its book value, which is the value of GRI that is recorded on the company's balance sheet. Investors also form their own opinion of GRI Bio's value that differs from its market value or its book value, called intrinsic value, which is GRI Bio'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 GRI Bio's market value can be influenced by many factors that don't directly affect GRI Bio'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 GRI Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if GRI Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GRI Bio'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.