Essential 40 Stock Etf Technical Analysis
| ESN Etf | 15.41 0.00 0.00% |
As of the 21st of January, Essential shows the Standard Deviation of 0.6442, variance of 0.415, and Mean Deviation of 0.4769. Essential 40 Stock technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices.
Essential Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Essential, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EssentialEssential |
Essential 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.
Essential 40 Stock Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Essential 40 Stock volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Essential 40 Stock Trend Analysis
Use this graph to draw trend lines for Essential 40 Stock. You can use it to identify possible trend reversals for Essential 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 Essential price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Essential Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Essential 40 Stock applied against its price change over selected period. The best fit line has a slop of 0.0065 , which may imply that the returns on investment in Essential 40 Stock will continue to fail. It has 122 observation points and a regression sum of squares at 1.61, which is the sum of squared deviations for the predicted Essential price change compared to its average price change.About Essential 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 Essential 40 Stock 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 Essential 40 Stock based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Essential 40 Stock price pattern first instead of the macroeconomic environment surrounding Essential 40 Stock. By analyzing Essential'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 Essential'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 Essential specific price patterns or momentum indicators. Please read more on our technical analysis page.
Essential January 21, 2025 Technical Indicators
Most technical analysis of Essential 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 Essential from various momentum indicators to cycle indicators. When you analyze Essential 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 0.4769 | |||
| Coefficient Of Variation | (3,331) | |||
| Standard Deviation | 0.6442 | |||
| Variance | 0.415 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.8005 | |||
| Skewness | (0.08) | |||
| Kurtosis | 3.12 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essential 40 Stock. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Essential 40 Stock is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential's value that differs from its market value or its book value, called intrinsic value, which is Essential'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 Essential's market value can be influenced by many factors that don't directly affect Essential'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 Essential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential'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.