Formidable Etf Technical Analysis
| FORH Etf | USD 22.56 0.12 0.53% |
As of the 27th of November, Formidable ETF shows the Variance of 0.5524, standard deviation of 0.7432, and Mean Deviation of 0.569. Formidable ETF 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.
Formidable ETF Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Formidable, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FormidableFormidable |
Formidable ETF 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.
Formidable ETF Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Formidable ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Formidable ETF Trend Analysis
Use this graph to draw trend lines for Formidable ETF. You can use it to identify possible trend reversals for Formidable ETF 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 Formidable ETF price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Formidable ETF Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Formidable ETF applied against its price change over selected period. The best fit line has a slop of 0.0018 , which may suggest that Formidable ETF market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.12, which is the sum of squared deviations for the predicted Formidable ETF price change compared to its average price change.About Formidable ETF 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 Formidable 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 Formidable ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Formidable ETF price pattern first instead of the macroeconomic environment surrounding Formidable ETF. By analyzing Formidable ETF'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 Formidable ETF'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 Formidable ETF specific price patterns or momentum indicators. Please read more on our technical analysis page.
Formidable ETF November 27, 2024 Technical Indicators
Most technical analysis of Formidable 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 Formidable from various momentum indicators to cycle indicators. When you analyze Formidable 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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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 0.569 | |||
| Coefficient Of Variation | (6,202) | |||
| Standard Deviation | 0.7432 | |||
| Variance | 0.5524 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.32 | |||
| Skewness | 0.0498 | |||
| Kurtosis | 0.0737 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formidable 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 metropolitan statistical area. For more detail on how to invest in Formidable Etf please use our How to Invest in Formidable ETF guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of Formidable ETF is measured differently than its book value, which is the value of Formidable that is recorded on the company's balance sheet. Investors also form their own opinion of Formidable ETF's value that differs from its market value or its book value, called intrinsic value, which is Formidable ETF'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 Formidable ETF's market value can be influenced by many factors that don't directly affect Formidable ETF'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 Formidable ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable ETF'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.