Tekla Life Sciences Fund Technical Analysis
| XHQLX Fund | USD 15.67 0.14 0.90% |
As of the 5th of May, Tekla Life has the Variance of 0.8207, coefficient of variation of (1,151), and Risk Adjusted Performance of (0.05). Our technical analysis interface makes it possible for you to check existing technical drivers of Tekla Life Sciences, as well as the relationship between them. In other words, you can use this information to find out if the fund 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 Tekla Life Sciences, which can be compared to its competition. Please validate Tekla Life Sciences information ratio and kurtosis to decide if Tekla Life is priced more or less accurately, providing market reflects its prevalent price of 15.67 per share.
Tekla Life Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tekla, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TeklaTekla |
Tekla Life technical mutual fund 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, fund market cycles, or different charting patterns.
Tekla Life Sciences Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. 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 Tekla Life Sciences volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tekla Life Sciences Trend Analysis
Use this graph to draw trend lines for Tekla Life Sciences. You can use it to identify possible trend reversals for Tekla Life 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 Tekla Life price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tekla Life Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tekla Life Sciences applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Tekla Life Sciences market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.29, which is the sum of squared deviations for the predicted Tekla Life price change compared to its average price change.About Tekla Life 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 Tekla Life Sciences 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 Tekla Life Sciences based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Tekla Life Sciences price pattern first instead of the macroeconomic environment surrounding Tekla Life Sciences. By analyzing Tekla Life'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 Tekla Life'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 Tekla Life specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tekla Life May 5, 2024 Technical Indicators
Most technical analysis of Tekla 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 Tekla from various momentum indicators to cycle indicators. When you analyze Tekla 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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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | 0.4385 | |||
| Mean Deviation | 0.706 | |||
| Coefficient Of Variation | (1,151) | |||
| Standard Deviation | 0.9059 | |||
| Variance | 0.8207 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.4285 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.18 | |||
| Skewness | (0.21) | |||
| Kurtosis | (0.38) |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tekla Life Sciences. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Tekla Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tekla Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tekla Life'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.