Two Roads Shared Etf Technical Analysis
| CGV Etf | USD 12.79 0.07 0.54% |
As of the 25th of April, Two Roads has the Semi Deviation of 0.8215, coefficient of variation of 14523.92, and Risk Adjusted Performance of 0.0064. Two Roads technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Two Roads Shared, which can be compared to its competition. Please validate Two Roads Shared coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Two Roads is priced more or less accurately, providing market reflects its prevalent price of 12.79 per share.
Two Roads Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Two, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TwoTwo |
Two Roads 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.
Two Roads Shared Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. 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 Two Roads Shared volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Two Roads Shared Trend Analysis
Use this graph to draw trend lines for Two Roads Shared. You can use it to identify possible trend reversals for Two Roads 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 Two Roads price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Two Roads Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Two Roads Shared applied against its price change over selected period. The best fit line has a slop of 0.0012 , which may imply that the returns on investment in Two Roads Shared will continue to fail. It has 122 observation points and a regression sum of squares at 0.06, which is the sum of squared deviations for the predicted Two Roads price change compared to its average price change.About Two Roads 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 Two Roads Shared 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 Two Roads Shared based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Two Roads Shared price pattern first instead of the macroeconomic environment surrounding Two Roads Shared. By analyzing Two Roads'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 Two Roads'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 Two Roads specific price patterns or momentum indicators. Please read more on our technical analysis page.
Two Roads April 25, 2024 Technical Indicators
Most technical analysis of Two 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 Two from various momentum indicators to cycle indicators. When you analyze Two 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 | 0.0064 | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 0.6094 | |||
| Semi Deviation | 0.8215 | |||
| Downside Deviation | 0.8932 | |||
| Coefficient Of Variation | 14523.92 | |||
| Standard Deviation | 0.7863 | |||
| Variance | 0.6182 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.16 | |||
| Downside Variance | 0.7978 | |||
| Semi Variance | 0.6749 | |||
| Expected Short fall | (0.65) | |||
| Skewness | (0.71) | |||
| Kurtosis | 1.03 |
Two Roads April 25, 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 Two 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 | 99.30 | ||
| Daily Balance Of Power | (0.88) | ||
| Rate Of Daily Change | 0.99 | ||
| Day Median Price | 12.80 | ||
| Day Typical Price | 12.80 | ||
| Price Action Indicator | (0.05) |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Two Roads Shared. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Two Roads Shared information on this page should be used as a complementary analysis to other Two Roads' 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of Two Roads Shared is measured differently than its book value, which is the value of Two that is recorded on the company's balance sheet. Investors also form their own opinion of Two Roads' value that differs from its market value or its book value, called intrinsic value, which is Two Roads' 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 Two Roads' market value can be influenced by many factors that don't directly affect Two Roads' 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 Two Roads' value and its price as these two are different measures arrived at by different means. Investors typically determine if Two Roads is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Two Roads' 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.