Etfmg Prime Junior Etf Technical Analysis
| SILJ Etf | USD 12.54 0.10 0.79% |
As of the 3rd of June, ETFMG Prime shows the downside deviation of 2.03, and Mean Deviation of 1.88. In relation to fundamental indicators, the technical analysis model provides you with a way to check helpful technical drivers of ETFMG Prime, 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 were able to break down and interpolate nineteen technical drivers for ETFMG Prime Junior, which can be compared to its peers. Please confirm ETFMG Prime Junior downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if ETFMG Prime Junior is priced adequately, providing market reflects its regular price of 12.54 per share.
ETFMG Prime Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETFMG, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETFMGETFMG |
ETFMG Prime 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.
ETFMG Prime Junior 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 ETFMG Prime Junior volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ETFMG Prime Junior Trend Analysis
Use this graph to draw trend lines for ETFMG Prime Junior. You can use it to identify possible trend reversals for ETFMG Prime 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 ETFMG Prime price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETFMG Prime Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETFMG Prime Junior applied against its price change over selected period. The best fit line has a slop of 0.06 , which means ETFMG Prime Junior will continue generating value for investors. It has 122 observation points and a regression sum of squares at 131.44, which is the sum of squared deviations for the predicted ETFMG Prime price change compared to its average price change.About ETFMG Prime 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 ETFMG Prime Junior 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 ETFMG Prime Junior based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETFMG Prime Junior price pattern first instead of the macroeconomic environment surrounding ETFMG Prime Junior. By analyzing ETFMG Prime'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 ETFMG Prime'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 ETFMG Prime specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETFMG Prime June 3, 2024 Technical Indicators
Most technical analysis of ETFMG 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 ETFMG from various momentum indicators to cycle indicators. When you analyze ETFMG 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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| Volume Indicators |
| Risk Adjusted Performance | 0.1951 | |||
| Market Risk Adjusted Performance | 0.4845 | |||
| Mean Deviation | 1.88 | |||
| Semi Deviation | 1.44 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 332.88 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Information Ratio | 0.2812 | |||
| Jensen Alpha | 0.6467 | |||
| Total Risk Alpha | 0.5655 | |||
| Sortino Ratio | 0.3264 | |||
| Treynor Ratio | 0.4745 | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 5.29 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.07 | |||
| Expected Short fall | (2.32) | |||
| Skewness | 0.1297 | |||
| Kurtosis | (0) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETFMG Prime Junior. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of ETFMG Prime Junior is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Prime's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Prime'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 ETFMG Prime's market value can be influenced by many factors that don't directly affect ETFMG Prime'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 ETFMG Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFMG Prime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Prime'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.