Elkhorn Etf Technical Analysis
| XM Etf | USD 18.14 0.00 0.00% |
As of the 24th of April, Elkhorn shows the Standard Deviation of 0.1795, coefficient of variation of 449.34, and Mean Deviation of 0.1189. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Elkhorn, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for eighteen technical drivers for Elkhorn, which can be compared to its peers. Please confirm Elkhorn variance and potential upside to decide if Elkhorn is priced favorably, providing market reflects its regular price of 18.14 per share.
Elkhorn Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elkhorn, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElkhornElkhorn |
Elkhorn 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.
Elkhorn Technical Analysis
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Elkhorn Trend Analysis
Use this graph to draw trend lines for Elkhorn. You can use it to identify possible trend reversals for Elkhorn 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 Elkhorn price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elkhorn Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elkhorn applied against its price change over selected period. The best fit line has a slop of 0 , which suggests that Elkhorn will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 0.61, which is the sum of squared deviations for the predicted Elkhorn price change compared to its average price change.About Elkhorn 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 Elkhorn 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 Elkhorn based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Elkhorn price pattern first instead of the macroeconomic environment surrounding Elkhorn. By analyzing Elkhorn'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 Elkhorn'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 Elkhorn specific price patterns or momentum indicators. Please read more on our technical analysis page.
Elkhorn April 24, 2024 Technical Indicators
Most technical analysis of Elkhorn 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 Elkhorn from various momentum indicators to cycle indicators. When you analyze Elkhorn 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.1127 | |||
| Market Risk Adjusted Performance | 0.6581 | |||
| Mean Deviation | 0.1189 | |||
| Downside Deviation | 0.1338 | |||
| Coefficient Of Variation | 449.34 | |||
| Standard Deviation | 0.1795 | |||
| Variance | 0.0322 | |||
| Information Ratio | (0.27) | |||
| Jensen Alpha | 0.0263 | |||
| Total Risk Alpha | 0.0068 | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.6481 | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.3376 | |||
| Downside Variance | 0.0179 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.18) | |||
| Skewness | 2.26 | |||
| Kurtosis | 9.45 |
Check out Your Current Watchlist 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 population. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Elkhorn is measured differently than its book value, which is the value of Elkhorn that is recorded on the company's balance sheet. Investors also form their own opinion of Elkhorn's value that differs from its market value or its book value, called intrinsic value, which is Elkhorn'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 Elkhorn's market value can be influenced by many factors that don't directly affect Elkhorn'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 Elkhorn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elkhorn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elkhorn'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.