Evolve Canadian Banks Etf Technical Analysis
| BANK Etf | CAD 7.85 0.06 0.77% |
As of the 20th of September, Evolve Canadian shows the Coefficient Of Variation of 278.18, downside deviation of 1.02, and Mean Deviation of 0.53. Evolve Canadian Banks 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.
Evolve Canadian Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Evolve, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EvolveEvolve |
Evolve Canadian 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.
Evolve Canadian Banks Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Evolve Canadian Banks volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Evolve Canadian Banks Trend Analysis
Use this graph to draw trend lines for Evolve Canadian Banks. You can use it to identify possible trend reversals for Evolve Canadian 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 Evolve Canadian price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Evolve Canadian Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Evolve Canadian Banks applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Evolve Canadian Banks will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11.49, which is the sum of squared deviations for the predicted Evolve Canadian price change compared to its average price change.About Evolve Canadian 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 Evolve Canadian Banks 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 Evolve Canadian Banks based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Evolve Canadian Banks price pattern first instead of the macroeconomic environment surrounding Evolve Canadian Banks. By analyzing Evolve Canadian'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 Evolve Canadian'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 Evolve Canadian specific price patterns or momentum indicators. Please read more on our technical analysis page.
Evolve Canadian September 20, 2024 Technical Indicators
Most technical analysis of Evolve 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 Evolve from various momentum indicators to cycle indicators. When you analyze Evolve 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 | 0.2899 | |||
| Market Risk Adjusted Performance | 0.5054 | |||
| Mean Deviation | 0.53 | |||
| Semi Deviation | 0.536 | |||
| Downside Deviation | 1.02 | |||
| Coefficient Of Variation | 278.18 | |||
| Standard Deviation | 0.733 | |||
| Variance | 0.5373 | |||
| Information Ratio | 0.1887 | |||
| Jensen Alpha | 0.1946 | |||
| Total Risk Alpha | 0.1492 | |||
| Sortino Ratio | 0.1362 | |||
| Treynor Ratio | 0.4954 | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.34 | |||
| Downside Variance | 1.03 | |||
| Semi Variance | 0.2873 | |||
| Expected Short fall | (0.65) | |||
| Skewness | (1.14) | |||
| Kurtosis | 2.75 |
Other Information on Investing in Evolve Etf
Evolve Canadian financial ratios help investors to determine whether Evolve Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Evolve with respect to the benefits of owning Evolve Canadian security.