Ecofin Global Water Etf Technical Analysis
| EBLU Etf | USD 44.76 0.28 0.63% |
As of the 19th of April, Ecofin Global shows the Coefficient Of Variation of 955.01, mean deviation of 0.5977, and Downside Deviation of 0.7934. Ecofin Global Water 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 break down and interpolate nineteen technical drivers for Ecofin Global Water, which can be compared to its peers. Please confirm Ecofin Global Water coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Ecofin Global Water is priced favorably, providing market reflects its regular price of 44.76 per share.
Ecofin Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ecofin, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EcofinEcofin |
Ecofin Global 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.
Ecofin Global Water Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Ecofin Global Water volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ecofin Global Water Trend Analysis
Use this graph to draw trend lines for Ecofin Global Water. You can use it to identify possible trend reversals for Ecofin Global 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 Ecofin Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ecofin Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ecofin Global Water applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Ecofin Global Water will continue generating value for investors. It has 122 observation points and a regression sum of squares at 117.01, which is the sum of squared deviations for the predicted Ecofin Global price change compared to its average price change.About Ecofin Global 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 Ecofin Global Water 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 Ecofin Global Water based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Ecofin Global Water price pattern first instead of the macroeconomic environment surrounding Ecofin Global Water. By analyzing Ecofin Global'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 Ecofin Global'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 Ecofin Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ecofin Global April 19, 2024 Technical Indicators
Most technical analysis of Ecofin 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 Ecofin from various momentum indicators to cycle indicators. When you analyze Ecofin 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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| Risk Adjusted Performance | 0.0665 | |||
| Market Risk Adjusted Performance | 0.0783 | |||
| Mean Deviation | 0.5977 | |||
| Semi Deviation | 0.7122 | |||
| Downside Deviation | 0.7934 | |||
| Coefficient Of Variation | 955.01 | |||
| Standard Deviation | 0.7565 | |||
| Variance | 0.5723 | |||
| Information Ratio | 0.014 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0134 | |||
| Treynor Ratio | 0.0683 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.07 | |||
| Downside Variance | 0.6295 | |||
| Semi Variance | 0.5072 | |||
| Expected Short fall | (0.64) | |||
| Skewness | (0.53) | |||
| Kurtosis | (0.03) |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecofin Global Water. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Ecofin Global Water is measured differently than its book value, which is the value of Ecofin that is recorded on the company's balance sheet. Investors also form their own opinion of Ecofin Global's value that differs from its market value or its book value, called intrinsic value, which is Ecofin Global'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 Ecofin Global's market value can be influenced by many factors that don't directly affect Ecofin Global'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 Ecofin Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecofin Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecofin Global'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.