Hcm Defender 100 Etf Technical Analysis
| QQH Etf | USD 52.46 0.32 0.61% |
As of the 18th of April 2024, HCM Defender retains the semi deviation of 1.19, and Downside Deviation of 1.25. Relative to fundamental indicators, the technical analysis model lets you check helpful technical drivers of HCM Defender 100, as well as the relationship between them. 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 were able to break down and collect data for nineteen technical drivers for HCM Defender 100, which can be compared to its competitors. Please check out HCM Defender 100 standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if HCM Defender is priced fairly, providing market reflects its last-minute price of 52.46 per share.
HCM Defender Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as HCM, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HCMHCM |
HCM Defender 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.
HCM Defender 100 Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 HCM Defender 100 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
HCM Defender 100 Trend Analysis
Use this graph to draw trend lines for HCM Defender 100. You can use it to identify possible trend reversals for HCM Defender 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 HCM Defender price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.HCM Defender Best Fit Change Line
The following chart estimates an ordinary least squares regression model for HCM Defender 100 applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that HCM Defender 100 will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 59.24, which is the sum of squared deviations for the predicted HCM Defender price change compared to its average price change.About HCM Defender 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 HCM Defender 100 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 HCM Defender 100 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on HCM Defender 100 price pattern first instead of the macroeconomic environment surrounding HCM Defender 100. By analyzing HCM Defender'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 HCM Defender'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 HCM Defender specific price patterns or momentum indicators. Please read more on our technical analysis page.
HCM Defender April 18, 2024 Technical Indicators
Most technical analysis of HCM 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 HCM from various momentum indicators to cycle indicators. When you analyze HCM 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 | 0.0468 | |||
| Market Risk Adjusted Performance | 0.0667 | |||
| Mean Deviation | 1.07 | |||
| Semi Deviation | 1.19 | |||
| Downside Deviation | 1.25 | |||
| Coefficient Of Variation | 1522.79 | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.87 | |||
| Information Ratio | 0.0251 | |||
| Jensen Alpha | 0.0158 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0275 | |||
| Treynor Ratio | 0.0567 | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.11 | |||
| Downside Variance | 1.57 | |||
| Semi Variance | 1.43 | |||
| Expected Short fall | (1.23) | |||
| Skewness | 0.226 | |||
| Kurtosis | 0.3235 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in HCM Defender 100. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of HCM Defender 100 is measured differently than its book value, which is the value of HCM that is recorded on the company's balance sheet. Investors also form their own opinion of HCM Defender's value that differs from its market value or its book value, called intrinsic value, which is HCM Defender'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 HCM Defender's market value can be influenced by many factors that don't directly affect HCM Defender'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 HCM Defender's value and its price as these two are different measures arrived at by different means. Investors typically determine if HCM Defender is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCM Defender'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.