Mirae Mutual Fund Technical Analysis

MALGX -  USA Fund  

USD 15.38  0.57  3.85%

As of the 27th of November, Mirae Asset secures the risk adjusted performance of (0.007169), and Mean Deviation of 0.5555. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mirae Asset Discovery, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Mirae Asset, which can be compared to its peers in the industry. Please verify Mirae Asset Discovery variance and potential upside to decide if Mirae Asset Discovery is priced some-what accurately, providing market reflects its recent price of 15.38 per share.

Mirae Technical Analysis 

 
Refresh
Mirae Asset technical mutual fund 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 Mirae Asset technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mirae Asset 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...

Mirae Asset Discovery Technical Analysis

Indicator
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 Mirae Asset Discovery volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Mirae Asset Discovery Trend Analysis

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

Mirae Asset Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mirae Asset Discovery applied against its price change over selected period. The best fit line has a slop of   -0.0003  , which may suggest that Mirae Asset Discovery market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Mirae Asset price change compared to its average price change.

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

Mirae Asset November 27, 2021 Technical Indicators

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

Mirae Asset November 27, 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 Mirae 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.
Additionally, see Stocks Correlation. Note that the Mirae Asset Discovery information on this page should be used as a complementary analysis to other Mirae Asset'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Mirae Mutual Fund analysis

When running Mirae Asset Discovery price analysis, check to measure Mirae Asset'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 Mirae Asset is operating at the current time. Most of Mirae Asset's value examination focuses on studying past and present price action to predict the probability of Mirae Asset's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mirae Asset's price. Additionally, you may evaluate how the addition of Mirae Asset to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Please note, there is a significant difference between Mirae Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine Mirae Asset value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirae Asset'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.