Altshares Event Driven Etf Technical Analysis
| EVNT Etf | USD 10.67 0.02 0.19% |
As of the 24th of November, AltShares Event shows the Mean Deviation of 0.1877, risk adjusted performance of 0.1162, and Coefficient Of Variation of 561.59. AltShares Event Driven technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
AltShares Event Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AltShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AltSharesAltShares |
AltShares Event 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.
AltShares Event Driven 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 AltShares Event Driven volatility. High ATR values indicate high volatility, and low values indicate low volatility.
AltShares Event Driven Trend Analysis
Use this graph to draw trend lines for AltShares Event Driven ETF. You can use it to identify possible trend reversals for AltShares Event 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 AltShares Event price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.AltShares Event Best Fit Change Line
The following chart estimates an ordinary least squares regression model for AltShares Event Driven ETF applied against its price change over selected period. The best fit line has a slop of 0 , which means AltShares Event Driven ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.62, which is the sum of squared deviations for the predicted AltShares Event price change compared to its average price change.About AltShares Event 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 AltShares Event Driven ETF 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 AltShares Event Driven ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on AltShares Event Driven price pattern first instead of the macroeconomic environment surrounding AltShares Event Driven. By analyzing AltShares Event'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 AltShares Event'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 AltShares Event specific price patterns or momentum indicators. Please read more on our technical analysis page.
AltShares Event November 24, 2024 Technical Indicators
Most technical analysis of AltShares 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 AltShares from various momentum indicators to cycle indicators. When you analyze AltShares 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 | 0.1162 | |||
| Market Risk Adjusted Performance | 0.1929 | |||
| Mean Deviation | 0.1877 | |||
| Downside Deviation | 0.2591 | |||
| Coefficient Of Variation | 561.59 | |||
| Standard Deviation | 0.2527 | |||
| Variance | 0.0639 | |||
| Information Ratio | (0.34) | |||
| Jensen Alpha | 0.0119 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 0.1829 | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.3839 | |||
| Downside Variance | 0.0671 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.26) | |||
| Skewness | 0.4921 | |||
| Kurtosis | 1.77 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AltShares Event Driven ETF. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of AltShares Event Driven is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Event's value that differs from its market value or its book value, called intrinsic value, which is AltShares Event'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 AltShares Event's market value can be influenced by many factors that don't directly affect AltShares Event'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 AltShares Event's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Event is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Event'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.