Dxge Etf Technical Analysis
As of the 28th of March, DXGE shows the mean deviation of 0.4921, and Standard Deviation of 0.6524. DXGE 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 DXGE, which can be compared to its rivals. Please confirm DXGE variance, as well as the relationship between the maximum drawdown and skewness to decide if DXGE is priced fairly, providing market reflects its regular price of 0.0 per share.
DXGE Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as DXGE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DXGEDXGE |
DXGE 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.
DXGE Technical Analysis
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DXGE Trend Analysis
Use this graph to draw trend lines for DXGE. You can use it to identify possible trend reversals for DXGE 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 DXGE price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.DXGE Best Fit Change Line
The following chart estimates an ordinary least squares regression model for DXGE applied against its price change over selected period. The best fit line has a slop of 0.46 , which may suggest that DXGE market price will keep on failing further. It has 122 observation points and a regression sum of squares at 7929.01, which is the sum of squared deviations for the predicted DXGE price change compared to its average price change.About DXGE 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 DXGE 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 DXGE based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on DXGE price pattern first instead of the macroeconomic environment surrounding DXGE. By analyzing DXGE'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 DXGE'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 DXGE specific price patterns or momentum indicators. Please read more on our technical analysis page.
DXGE March 28, 2024 Technical Indicators
Most technical analysis of DXGE 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 DXGE from various momentum indicators to cycle indicators. When you analyze DXGE 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 | (0.08) | |||
Market Risk Adjusted Performance | 1.54 | |||
Mean Deviation | 0.4921 | |||
Coefficient Of Variation | (656.98) | |||
Standard Deviation | 0.6524 | |||
Variance | 0.4256 | |||
Information Ratio | (0.36) | |||
Jensen Alpha | (0.10) | |||
Total Risk Alpha | (0.26) | |||
Treynor Ratio | 1.53 | |||
Maximum Drawdown | 3.06 | |||
Value At Risk | (1.25) | |||
Potential Upside | 0.8944 | |||
Skewness | 0.1261 | |||
Kurtosis | 0.2382 |
DXGE One Year Return
Based on the recorded statements, DXGE has an One Year Return of 15.6%. This is much higher than that of the WisdomTree family and significantly higher than that of the Miscellaneous Region 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.Check out Investing Opportunities 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 price. Note that the DXGE information on this page should be used as a complementary analysis to other DXGE's 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for DXGE Etf analysis
When running DXGE's price analysis, check to measure DXGE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DXGE is operating at the current time. Most of DXGE's value examination focuses on studying past and present price action to predict the probability of DXGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXGE's price. Additionally, you may evaluate how the addition of DXGE to your portfolios can decrease your overall portfolio volatility.
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The market value of DXGE is measured differently than its book value, which is the value of DXGE that is recorded on the company's balance sheet. Investors also form their own opinion of DXGE's value that differs from its market value or its book value, called intrinsic value, which is DXGE'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 DXGE's market value can be influenced by many factors that don't directly affect DXGE'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 DXGE's value and its price as these two are different measures arrived at by different means. Investors typically determine if DXGE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXGE'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.