High Yield Etf Technical Analysis

HYG -  USA Etf  

USD 87.22  0.15  0.17%

As of the 16th of October 2021, High Yield retains the risk adjusted performance of (0.042677), and Market Risk Adjusted Performance of 0.6987. High Yield technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for High Yield Corp, which can be compared to its competitors. Please check out High Yield Corp information ratio, as well as the relationship between the potential upside and kurtosis to decide if High Yield is priced fairly, providing market reflects its last-minute price of 87.22 per share.

High Yield Technical Analysis 

 
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High Yield 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, stock market cycles, or different charting patterns.
A focus of High Yield technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of High Yield trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

High Yield Corp Technical Analysis

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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 High Yield Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

High Yield Corp Trend Analysis

Use this graph to draw trend lines for High Yield Corp. You can use it to identify possible trend reversals for High Yield 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 High Yield price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

High Yield Best Fit Change Line

The following chart estimates an ordinary least squares regression model for High Yield Corp applied against its price change over selected period. The best fit line has a slop of   0.020908  , which may imply that High Yield Corp will maintain its good market sentiment and make money for investors. It has 562 observation points and a regression sum of squares at 1616.49, which is the sum of squared deviations for the predicted High Yield price change compared to its average price change.

About High Yield 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 High Yield Corp 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 High Yield Corp based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on High Yield Corp stock first instead of the macroeconomic environment surrounding High Yield Corp. By analyzing High Yield'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 High Yield'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 High Yield specific price patterns or momentum indicators. Please read more on our technical analysis page.

High Yield October 16, 2021 Technical Indicators

Most technical analysis of High Yield 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 High Yield from various momentum indicators to cycle indicators. When you analyze High Yield 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.

High Yield Corp One Year Return

Based on the recorded statements, High Yield Corp has an One Year Return of 12.95%. This is 113.34% higher than that of the iShares family and significantly higher than that of the High Yield Bond 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.

High Yield October 16, 2021 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 High Yield 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.
Please check Risk vs Return Analysis. Note that the High Yield Corp information on this page should be used as a complementary analysis to other High Yield'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 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 High Yield Etf analysis

When running High Yield Corp price analysis, check to measure High Yield'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 High Yield is operating at the current time. Most of High Yield's value examination focuses on studying past and present price action to predict the probability of High Yield's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move High Yield's price. Additionally, you may evaluate how the addition of High Yield to your portfolios can decrease your overall portfolio volatility.
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The market value of High Yield Corp is measured differently than its book value, which is the value of High Yield that is recorded on the company's balance sheet. Investors also form their own opinion of High Yield's value that differs from its market value or its book value, called intrinsic value, which is High Yield'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 High Yield's market value can be influenced by many factors that don't directly affect High Yield Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine High Yield value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Yield'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.