Uslb Etf Technical Analysis
| USLB Etf | USD 35.72 0.00 0.00% |
As of the 19th of April, USLB has the risk adjusted performance of (0.04), and Variance of 1.07. Compared to fundamental indicators, the technical analysis model makes it possible for you to check available technical drivers of USLB, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for USLB, which can be compared to its competition. Please validate USLB information ratio and potential upside to decide if USLB is priced fairly, providing market reflects its prevalent price of 35.72 per share.
USLB Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as USLB, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to USLBUSLB |
USLB 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.
USLB Technical Analysis
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USLB Trend Analysis
Use this graph to draw trend lines for USLB. You can use it to identify possible trend reversals for USLB 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 USLB price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.USLB Best Fit Change Line
The following chart estimates an ordinary least squares regression model for USLB applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that USLB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 257.28, which is the sum of squared deviations for the predicted USLB price change compared to its average price change.About USLB 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 USLB 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 USLB based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on USLB price pattern first instead of the macroeconomic environment surrounding USLB. By analyzing USLB'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 USLB'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 USLB specific price patterns or momentum indicators. Please read more on our technical analysis page.
USLB April 19, 2024 Technical Indicators
Most technical analysis of USLB 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 USLB from various momentum indicators to cycle indicators. When you analyze USLB 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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| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 3.3 | |||
| Mean Deviation | 0.7686 | |||
| Coefficient Of Variation | (1,572) | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.07 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 3.29 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.68 | |||
| Skewness | (0.25) | |||
| Kurtosis | 0.3017 |
USLB One Year Return
Based on the recorded statements, USLB has an One Year Return of -8.91%. This is 343.44% lower than that of the Invesco family and significantly lower than that of the Mid-Cap Blend category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map 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 bureau of economic analysis. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of USLB is measured differently than its book value, which is the value of USLB that is recorded on the company's balance sheet. Investors also form their own opinion of USLB's value that differs from its market value or its book value, called intrinsic value, which is USLB'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 USLB's market value can be influenced by many factors that don't directly affect USLB'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 USLB's value and its price as these two are different measures arrived at by different means. Investors typically determine if USLB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, USLB'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.