Northern Lights Etf Technical Analysis
| MBCC Etf | USD 32.12 0.11 0.34% |
As of the 27th of July, Northern Lights secures the Downside Deviation of 0.747, mean deviation of 0.4528, and Risk Adjusted Performance of 0.0664. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Lights, as well as the relationship between them.
Northern Lights Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthernNorthern |
Northern Lights 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.
Northern Lights 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 Northern Lights volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Northern Lights Trend Analysis
Use this graph to draw trend lines for Northern Lights. You can use it to identify possible trend reversals for Northern Lights 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 Northern Lights price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northern Lights Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northern Lights applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Northern Lights will continue generating value for investors. It has 122 observation points and a regression sum of squares at 26.8, which is the sum of squared deviations for the predicted Northern Lights price change compared to its average price change.About Northern Lights 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 Northern Lights 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 Northern Lights based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Northern Lights price pattern first instead of the macroeconomic environment surrounding Northern Lights. By analyzing Northern Lights'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 Northern Lights'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 Northern Lights specific price patterns or momentum indicators. Please read more on our technical analysis page.
Northern Lights July 27, 2024 Technical Indicators
Most technical analysis of Northern 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 Northern from various momentum indicators to cycle indicators. When you analyze Northern 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 | 0.0664 | |||
| Market Risk Adjusted Performance | 2.06 | |||
| Mean Deviation | 0.4528 | |||
| Semi Deviation | 0.6157 | |||
| Downside Deviation | 0.747 | |||
| Coefficient Of Variation | 1010.31 | |||
| Standard Deviation | 0.6221 | |||
| Variance | 0.3871 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0498 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 2.05 | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.9684 | |||
| Downside Variance | 0.5581 | |||
| Semi Variance | 0.379 | |||
| Expected Short fall | (0.43) | |||
| Skewness | (0.63) | |||
| Kurtosis | 1.27 |
Additional Information and Resources on Investing in Northern Etf
When determining whether Northern Lights offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Lights' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northern Lights Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Lights Etf:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Lights. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Northern Etf refer to our How to Trade Northern Etf guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Northern Lights is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Lights' value that differs from its market value or its book value, called intrinsic value, which is Northern Lights' 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 Northern Lights' market value can be influenced by many factors that don't directly affect Northern Lights' 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 Northern Lights' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Lights is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Lights' 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.