Trueshares Active Yield Etf Technical Analysis
| ERNZ Etf | 25.07 0.02 0.08% |
As of the 3rd of December, TrueShares Active has the Coefficient Of Variation of 1421.37, semi deviation of 0.5143, and Risk Adjusted Performance of 0.0506. TrueShares Active technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices.
TrueShares Active Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TrueShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TrueSharesTrueShares |
TrueShares Active 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.
TrueShares Active Yield Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 TrueShares Active Yield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TrueShares Active Yield Trend Analysis
Use this graph to draw trend lines for TrueShares Active Yield. You can use it to identify possible trend reversals for TrueShares Active 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 TrueShares Active price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TrueShares Active Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TrueShares Active Yield applied against its price change over selected period. The best fit line has a slop of 0.0002 , which means TrueShares Active Yield will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted TrueShares Active price change compared to its average price change.About TrueShares Active 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 TrueShares Active Yield 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 TrueShares Active Yield based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on TrueShares Active Yield price pattern first instead of the macroeconomic environment surrounding TrueShares Active Yield. By analyzing TrueShares Active'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 TrueShares Active'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 TrueShares Active specific price patterns or momentum indicators. Please read more on our technical analysis page.
TrueShares Active December 3, 2024 Technical Indicators
Most technical analysis of TrueShares 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 TrueShares from various momentum indicators to cycle indicators. When you analyze TrueShares 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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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0506 | |||
| Market Risk Adjusted Performance | 0.0656 | |||
| Mean Deviation | 0.4401 | |||
| Semi Deviation | 0.5143 | |||
| Downside Deviation | 0.5633 | |||
| Coefficient Of Variation | 1421.37 | |||
| Standard Deviation | 0.5806 | |||
| Variance | 0.3371 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0556 | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9237 | |||
| Downside Variance | 0.3173 | |||
| Semi Variance | 0.2645 | |||
| Expected Short fall | (0.46) | |||
| Skewness | 0.3114 | |||
| Kurtosis | 0.7484 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrueShares Active Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of TrueShares Active Yield is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Active's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Active'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 TrueShares Active's market value can be influenced by many factors that don't directly affect TrueShares Active'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 TrueShares Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Active'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.