Microsectors Big Oil Etf Technical Analysis
| NRGD Etf | USD 155.40 1.63 1.06% |
As of the 3rd of May, MicroSectors Big secures the Risk Adjusted Performance of (0.09), standard deviation of 3.12, and Mean Deviation of 2.34. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MicroSectors Big Oil, as well as the relationship between them. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for MicroSectors Big, which can be compared to its peers in the industry. Please verify MicroSectors Big Oil variance, as well as the relationship between the maximum drawdown and skewness to decide if MicroSectors Big Oil is priced some-what accurately, providing market reflects its recent price of 155.4 per share.
MicroSectors Big Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MicroSectors, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MicroSectorsMicroSectors |
MicroSectors Big 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.
MicroSectors Big Oil 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 MicroSectors Big Oil volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MicroSectors Big Oil Trend Analysis
Use this graph to draw trend lines for MicroSectors Big Oil. You can use it to identify possible trend reversals for MicroSectors Big 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 MicroSectors Big price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MicroSectors Big Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MicroSectors Big Oil applied against its price change over selected period. The best fit line has a slop of 1.49 , which may suggest that MicroSectors Big Oil market price will keep on failing further. It has 122 observation points and a regression sum of squares at 84166.77, which is the sum of squared deviations for the predicted MicroSectors Big price change compared to its average price change.About MicroSectors Big 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 MicroSectors Big Oil 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 MicroSectors Big Oil based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on MicroSectors Big Oil price pattern first instead of the macroeconomic environment surrounding MicroSectors Big Oil. By analyzing MicroSectors Big'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 MicroSectors Big'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 MicroSectors Big specific price patterns or momentum indicators. Please read more on our technical analysis page.
MicroSectors Big May 3, 2024 Technical Indicators
Most technical analysis of MicroSectors 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 MicroSectors from various momentum indicators to cycle indicators. When you analyze MicroSectors 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | 0.2999 | |||
| Mean Deviation | 2.34 | |||
| Coefficient Of Variation | (653.31) | |||
| Standard Deviation | 3.12 | |||
| Variance | 9.72 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 0.2899 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 4.31 | |||
| Skewness | 0.6678 | |||
| Kurtosis | 2.17 |
MicroSectors Big May 3, 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 MicroSectors 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 | 2,038 | ||
| Daily Balance Of Power | 0.19 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 157.26 | ||
| Day Typical Price | 156.64 | ||
| Price Action Indicator | (1.05) | ||
| Market Facilitation Index | 0.0002 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroSectors Big Oil. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MicroSectors Big Oil information on this page should be used as a complementary analysis to other MicroSectors Big'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of MicroSectors Big Oil is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Big's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Big'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 MicroSectors Big's market value can be influenced by many factors that don't directly affect MicroSectors Big'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 MicroSectors Big's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Big is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Big'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.