SP High Etf Technical Analysis

HYMB -  USA Etf  

USD 59.90  0.04  0.07%

As of the 30th of November, SP High owns the risk adjusted performance of (0.09), and Mean Deviation of 0.0887. SP High Yield technical analysis provides you with a way to harness past data patterns to determine a pattern that measures the direction of the etf's future prices. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for SP High, which can be compared to its peers in the sector. Please validate SP High Yield jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if SP High Yield is priced correctly, providing market reflects its prevailing price of 59.9 per share.

SP High Technical Analysis 

SP High 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 SP High technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SP High 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...

SP High Yield Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of SP High Yield volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

SP High Yield Trend Analysis

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

SP High Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SP High Yield applied against its price change over selected period. The best fit line has a slop of   -0.006  , which may suggest that SP High Yield market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.35, which is the sum of squared deviations for the predicted SP High price change compared to its average price change.

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

SP High November 30, 2021 Technical Indicators

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

SP High Yield One Year Return

Based on the recorded statements, SP High Yield has an One Year Return of 11.77%. This is 51.68% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the High Yield Muni 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.

SP High November 30, 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 SP High 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 SP High Yield information on this page should be used as a complementary analysis to other SP High'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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