Megalong Canadian Gold Etf Technical Analysis

CGMU Etf   25.68  3.49  11.96%   

MegaLong 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 MegaLong, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MegaLong
  
MegaLong Canadian's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

MegaLong Canadian 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MegaLong Canadian's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MegaLong Canadian.
0.00
11/01/2025
No Change 0.00  0.0 
In 2 months and 31 days
01/30/2026
0.00
If you would invest  0.00  in MegaLong Canadian on November 1, 2025 and sell it all today you would earn a total of 0.00 from holding MegaLong Canadian Gold or generate 0.0% return on investment in MegaLong Canadian over 90 days.

MegaLong Canadian Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MegaLong Canadian's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MegaLong Canadian Gold upside and downside potential and time the market with a certain degree of confidence.

MegaLong Canadian Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MegaLong Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaLong Canadian's standard deviation. In reality, there are many statistical measures that can use MegaLong Canadian historical prices to predict the future MegaLong Canadian's volatility.

MegaLong Canadian January 30, 2026 Technical Indicators

MegaLong Canadian Gold Backtested Returns

MegaLong Canadian is somewhat reliable given 3 months investment horizon. MegaLong Canadian Gold has Sharpe Ratio of 0.28, which conveys that the entity had a 0.28 % return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.9% are justified by taking the suggested risk. Use MegaLong Canadian Gold Mean Deviation of 4.99, downside deviation of 6.71, and Risk Adjusted Performance of 0.2153 to evaluate company specific risk that cannot be diversified away. The etf secures a Beta (Market Risk) of 1.9, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MegaLong Canadian will likely underperform.

Auto-correlation

    
  0.78  

Good predictability

MegaLong Canadian Gold has good predictability. Overlapping area represents the amount of predictability between MegaLong Canadian time series from 1st of November 2025 to 16th of December 2025 and 16th of December 2025 to 30th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MegaLong Canadian Gold price movement. The serial correlation of 0.78 indicates that around 78.0% of current MegaLong Canadian price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.81
Residual Average0.0
Price Variance20.61
MegaLong Canadian 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.
A focus of MegaLong Canadian technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MegaLong Canadian trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

MegaLong Canadian Gold Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of MegaLong Canadian Gold volatility developed by Welles Wilder.

MegaLong Canadian January 30, 2026 Technical Indicators

Most technical analysis of MegaLong 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 MegaLong from various momentum indicators to cycle indicators. When you analyze MegaLong 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.

MegaLong Canadian January 30, 2026 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 MegaLong 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.