Vegtech Plant Based Innovation Etf Technical Analysis
| EATV Etf | USD 16.50 0.09 0.55% |
As of the 1st of May, VegTech Plant has the Semi Deviation of 0.8062, coefficient of variation of 1169.26, and Risk Adjusted Performance of 0.0584. VegTech Plant 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 interpolate and analyze data for nineteen technical drivers for VegTech Plant based Innovation, which can be compared to its competition. Please validate VegTech Plant based mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if VegTech Plant is priced more or less accurately, providing market reflects its prevalent price of 16.5 per share.
VegTech Plant Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as VegTech, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VegTechVegTech |
VegTech Plant 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.
VegTech Plant based Technical Analysis
The output start index for this execution was fifteen with a total number of output elements of fourty-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 VegTech Plant based volatility. High ATR values indicate high volatility, and low values indicate low volatility.
VegTech Plant based Trend Analysis
Use this graph to draw trend lines for VegTech Plant based Innovation. You can use it to identify possible trend reversals for VegTech Plant 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 VegTech Plant price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.VegTech Plant Best Fit Change Line
The following chart estimates an ordinary least squares regression model for VegTech Plant based Innovation applied against its price change over selected period. The best fit line has a slop of 0.01 , which means VegTech Plant based Innovation will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.18, which is the sum of squared deviations for the predicted VegTech Plant price change compared to its average price change.About VegTech Plant 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 VegTech Plant based Innovation 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 VegTech Plant based Innovation based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on VegTech Plant based price pattern first instead of the macroeconomic environment surrounding VegTech Plant based. By analyzing VegTech Plant'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 VegTech Plant'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 VegTech Plant specific price patterns or momentum indicators. Please read more on our technical analysis page.
VegTech Plant May 1, 2024 Technical Indicators
Most technical analysis of VegTech 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 VegTech from various momentum indicators to cycle indicators. When you analyze VegTech 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 | 0.0584 | |||
| Market Risk Adjusted Performance | (16.66) | |||
| Mean Deviation | 0.7729 | |||
| Semi Deviation | 0.8062 | |||
| Downside Deviation | 0.9431 | |||
| Coefficient Of Variation | 1169.26 | |||
| Standard Deviation | 0.9941 | |||
| Variance | 0.9883 | |||
| Information Ratio | 0.0257 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | (16.67) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.71 | |||
| Downside Variance | 0.8894 | |||
| Semi Variance | 0.65 | |||
| Expected Short fall | (0.81) | |||
| Skewness | 0.2707 | |||
| Kurtosis | 0.0366 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in VegTech Plant based Innovation. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of VegTech Plant based is measured differently than its book value, which is the value of VegTech that is recorded on the company's balance sheet. Investors also form their own opinion of VegTech Plant's value that differs from its market value or its book value, called intrinsic value, which is VegTech Plant'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 VegTech Plant's market value can be influenced by many factors that don't directly affect VegTech Plant'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 VegTech Plant's value and its price as these two are different measures arrived at by different means. Investors typically determine if VegTech Plant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VegTech Plant'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.