Etf Managers Group Etf Technical Analysis
| BSEA Etf | USD 19.80 0.00 0.00% |
As of the 25th of April, ETF Managers shows the standard deviation of 1.18, and Mean Deviation of 0.8394. ETF Managers Group 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. 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 analyze and collect data for thirteen technical drivers for ETF Managers Group, which can be compared to its peers. Please confirm ETF Managers Group standard deviation, maximum drawdown, kurtosis, as well as the relationship between the information ratio and potential upside to decide if ETF Managers Group is priced adequately, providing market reflects its regular price of 19.8 per share.
ETF Managers Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETF, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETFETF |
ETF Managers 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.
ETF Managers Group Technical Analysis
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ETF Managers Group Trend Analysis
Use this graph to draw trend lines for ETF Managers Group. You can use it to identify possible trend reversals for ETF Managers 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 ETF Managers price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETF Managers Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETF Managers Group applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that ETF Managers Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.25, which is the sum of squared deviations for the predicted ETF Managers price change compared to its average price change.About ETF Managers 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 ETF Managers Group 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 ETF Managers Group based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETF Managers Group price pattern first instead of the macroeconomic environment surrounding ETF Managers Group. By analyzing ETF Managers'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 ETF Managers'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 ETF Managers specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETF Managers April 25, 2024 Technical Indicators
Most technical analysis of ETF 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 ETF from various momentum indicators to cycle indicators. When you analyze ETF 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.
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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.9748 | |||
| Mean Deviation | 0.8394 | |||
| Coefficient Of Variation | (5,533) | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.38 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.9648 | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.69 | |||
| Skewness | 0.5675 | |||
| Kurtosis | 0.9591 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the ETF Managers Group information on this page should be used as a complementary analysis to other ETF Managers' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of ETF Managers Group is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Managers' value that differs from its market value or its book value, called intrinsic value, which is ETF Managers' 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 ETF Managers' market value can be influenced by many factors that don't directly affect ETF Managers' 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 ETF Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Managers' 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.