Wahed Dow Jones Etf Technical Analysis
| UMMA Etf | USD 22.88 0.12 0.52% |
As of the 19th of April, Wahed Dow maintains the Downside Deviation of 1.01, market risk adjusted performance of 0.0504, and Mean Deviation of 0.7227. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wahed Dow Jones, as well as the relationship between them. Specifically, you can use this information to find out if the etf will indeed mirror its model of past data patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Wahed Dow Jones, which can be compared to its peers. Please check out Wahed Dow Jones jensen alpha, as well as the relationship between the potential upside and skewness to decide if Wahed Dow Jones is priced fairly, providing market reflects its latest price of 22.88 per share.
Wahed Dow Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wahed, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WahedWahed |
Wahed Dow 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.
Wahed Dow Jones 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 Wahed Dow Jones volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wahed Dow Jones Trend Analysis
Use this graph to draw trend lines for Wahed Dow Jones. You can use it to identify possible trend reversals for Wahed Dow 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 Wahed Dow price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wahed Dow Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wahed Dow Jones applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Wahed Dow Jones will continue generating value for investors. It has 122 observation points and a regression sum of squares at 12.7, which is the sum of squared deviations for the predicted Wahed Dow price change compared to its average price change.About Wahed Dow 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 Wahed Dow Jones 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 Wahed Dow Jones based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Wahed Dow Jones price pattern first instead of the macroeconomic environment surrounding Wahed Dow Jones. By analyzing Wahed Dow'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 Wahed Dow'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 Wahed Dow specific price patterns or momentum indicators. Please read more on our technical analysis page.
Wahed Dow April 19, 2024 Technical Indicators
Most technical analysis of Wahed 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 Wahed from various momentum indicators to cycle indicators. When you analyze Wahed 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 | 0.0426 | |||
| Market Risk Adjusted Performance | 0.0504 | |||
| Mean Deviation | 0.7227 | |||
| Semi Deviation | 0.9269 | |||
| Downside Deviation | 1.01 | |||
| Coefficient Of Variation | 1583.45 | |||
| Standard Deviation | 0.9585 | |||
| Variance | 0.9187 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0404 | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.63 | |||
| Downside Variance | 1.02 | |||
| Semi Variance | 0.8592 | |||
| Expected Short fall | (0.74) | |||
| Skewness | (0.29) | |||
| Kurtosis | 0.6988 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Wahed Dow Jones. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of Wahed Dow Jones is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed Dow's value that differs from its market value or its book value, called intrinsic value, which is Wahed Dow'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 Wahed Dow's market value can be influenced by many factors that don't directly affect Wahed Dow'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 Wahed Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed Dow'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.