Oaie Etf Technical Analysis
| OAIE Etf | USD 28.30 0.00 0.00% |
As of the 29th of April, OAIE holds the market risk adjusted performance of (0.14), and Variance of 0.5835. In respect to fundamental indicators, the technical analysis model allows you to check helpful technical drivers of OAIE, as well as the relationship between them. Put it differently, you can use this information to find out if the entity will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for OAIE, which can be compared to its competitors. Please check OAIE standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and potential upside to decide if OAIE is priced fairly, providing market reflects its current price of 28.3 per share.
OAIE Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as OAIE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OAIEOAIE |
OAIE 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.
OAIE Technical Analysis
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OAIE Trend Analysis
Use this graph to draw trend lines for OAIE. You can use it to identify possible trend reversals for OAIE 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 OAIE price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.OAIE Best Fit Change Line
The following chart estimates an ordinary least squares regression model for OAIE applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that OAIE market price will keep on failing further. It has 122 observation points and a regression sum of squares at 30.39, which is the sum of squared deviations for the predicted OAIE price change compared to its average price change.About OAIE 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 OAIE 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 OAIE based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on OAIE price pattern first instead of the macroeconomic environment surrounding OAIE. By analyzing OAIE'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 OAIE'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 OAIE specific price patterns or momentum indicators. Please read more on our technical analysis page.
OAIE April 29, 2024 Technical Indicators
Most technical analysis of OAIE 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 OAIE from various momentum indicators to cycle indicators. When you analyze OAIE 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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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 0.4648 | |||
| Coefficient Of Variation | (2,968) | |||
| Standard Deviation | 0.7639 | |||
| Variance | 0.5835 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 4.94 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.11 | |||
| Skewness | (1.52) | |||
| Kurtosis | 6.38 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of OAIE is measured differently than its book value, which is the value of OAIE that is recorded on the company's balance sheet. Investors also form their own opinion of OAIE's value that differs from its market value or its book value, called intrinsic value, which is OAIE'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 OAIE's market value can be influenced by many factors that don't directly affect OAIE'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 OAIE's value and its price as these two are different measures arrived at by different means. Investors typically determine if OAIE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OAIE'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.