Ishares Global Healthcare Etf Technical Analysis
| XHC Etf | CAD 68.67 0.11 0.16% |
As of the 15th of April 2024, IShares Global retains the Market Risk Adjusted Performance of (0.02), standard deviation of 0.5789, and Risk Adjusted Performance of (0.01). Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of iShares Global Healthcare, 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 thirteen technical drivers for iShares Global Healthcare, which can be compared to its competitors. Please check out iShares Global Healthcare variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if IShares Global is priced fairly, providing market reflects its last-minute price of 68.67 per share.
IShares Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as IShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ISharesIShares |
IShares Global 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.
iShares Global Healthcare Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 iShares Global Healthcare volatility. High ATR values indicate high volatility, and low values indicate low volatility.
iShares Global Healthcare Trend Analysis
Use this graph to draw trend lines for iShares Global Healthcare. You can use it to identify possible trend reversals for IShares Global 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 IShares Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.IShares Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for iShares Global Healthcare applied against its price change over selected period. The best fit line has a slop of 0.04 , which means iShares Global Healthcare will continue generating value for investors. It has 122 observation points and a regression sum of squares at 53.31, which is the sum of squared deviations for the predicted IShares Global price change compared to its average price change.About IShares Global 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 iShares Global Healthcare 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 iShares Global Healthcare based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on iShares Global Healthcare price pattern first instead of the macroeconomic environment surrounding iShares Global Healthcare. By analyzing IShares Global'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 IShares Global'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 IShares Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
IShares Global April 15, 2024 Technical Indicators
Most technical analysis of IShares 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 IShares from various momentum indicators to cycle indicators. When you analyze IShares 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 | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 0.4445 | |||
| Coefficient Of Variation | (4,919) | |||
| Standard Deviation | 0.5789 | |||
| Variance | 0.3352 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.9968 | |||
| Skewness | (0.18) | |||
| Kurtosis | 0.1564 |
iShares Global Healthcare One Year Return
Based on the recorded statements, iShares Global Healthcare has an One Year Return of 3.8%. This is 37.4% lower than that of the iShares family and significantly higher than that of the Sector Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
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.IShares Global April 15, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as IShares stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 62.68 | ||
| Daily Balance Of Power | 0.13 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 68.91 | ||
| Day Typical Price | 68.83 | ||
| Price Action Indicator | (0.18) | ||
| Market Facilitation Index | 0.0002 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in iShares Global Healthcare. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the iShares Global Healthcare information on this page should be used as a complementary analysis to other IShares Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.