Phn Canadian Equity Fund Technical Analysis
| 0P0000N468 | CAD 22.32 0.31 1.37% |
As of the 24th of November, PHN Canadian holds the semi deviation of 0.2584, and Risk Adjusted Performance of 0.1826. PHN Canadian Equity technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the fund's future prices.
PHN Canadian Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PHN, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PHNPHN |
PHN Canadian technical 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.
PHN Canadian Equity Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 PHN Canadian Equity volatility. High ATR values indicate high volatility, and low values indicate low volatility.
PHN Canadian Equity Trend Analysis
Use this graph to draw trend lines for PHN Canadian Equity. You can use it to identify possible trend reversals for PHN Canadian 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 PHN Canadian price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.PHN Canadian Best Fit Change Line
The following chart estimates an ordinary least squares regression model for PHN Canadian Equity applied against its price change over selected period. The best fit line has a slop of 0.03 , which means PHN Canadian Equity will continue generating value for investors. It has 122 observation points and a regression sum of squares at 34.55, which is the sum of squared deviations for the predicted PHN Canadian price change compared to its average price change.About PHN Canadian 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 PHN Canadian Equity 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 PHN Canadian Equity based on its technical analysis. In general, a bottom-up approach, as applied to this fund, focuses on PHN Canadian Equity price pattern first instead of the macroeconomic environment surrounding PHN Canadian Equity. By analyzing PHN Canadian'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 PHN Canadian'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 PHN Canadian specific price patterns or momentum indicators. Please read more on our technical analysis page.
PHN Canadian November 24, 2024 Technical Indicators
Most technical analysis of PHN 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 PHN from various momentum indicators to cycle indicators. When you analyze PHN 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 | 0.1826 | |||
| Market Risk Adjusted Performance | 0.8132 | |||
| Mean Deviation | 0.3992 | |||
| Semi Deviation | 0.2584 | |||
| Downside Deviation | 0.4722 | |||
| Coefficient Of Variation | 408.32 | |||
| Standard Deviation | 0.5046 | |||
| Variance | 0.2546 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | 0.0341 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.8032 | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 1.01 | |||
| Downside Variance | 0.223 | |||
| Semi Variance | 0.0667 | |||
| Expected Short fall | (0.50) | |||
| Skewness | (0.36) | |||
| Kurtosis | 0.5883 |
PHN Canadian Equity One Year Return
Based on the recorded statements, PHN Canadian Equity has an One Year Return of -13.79%. This is 334.52% lower than that of the RBC Global Asset Management Inc. family and significantly lower than that of the Canadian Equity category. The one year return for all Canada funds 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.Other Information on Investing in PHN Fund
PHN Canadian financial ratios help investors to determine whether PHN Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PHN with respect to the benefits of owning PHN Canadian security.
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