Merrill Lynch Etf Technical Analysis
As of the 28th of November, Merrill Lynch secures the Mean Deviation of 0.7749, risk adjusted performance of 0.0085, and Downside Deviation of 1.3. Merrill Lynch technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the etf's future prices. Please verify Merrill Lynch variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Merrill Lynch is priced some-what accurately, providing market reflects its recent price of 0.0 per share.
Merrill Lynch Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Merrill, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MerrillMerrill |
Merrill Lynch 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.
Merrill Lynch Technical Analysis
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Merrill Lynch Trend Analysis
Use this graph to draw trend lines for Merrill Lynch. You can use it to identify possible trend reversals for Merrill Lynch 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 Merrill Lynch price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Merrill Lynch Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Merrill Lynch applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that the returns on investment in Merrill Lynch will continue to fail. It has 122 observation points and a regression sum of squares at 6.32, which is the sum of squared deviations for the predicted Merrill Lynch price change compared to its average price change.About Merrill Lynch 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 Merrill Lynch 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 Merrill Lynch based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Merrill Lynch price pattern first instead of the macroeconomic environment surrounding Merrill Lynch. By analyzing Merrill Lynch'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 Merrill Lynch'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 Merrill Lynch specific price patterns or momentum indicators. Please read more on our technical analysis page.
Merrill Lynch November 28, 2024 Technical Indicators
Most technical analysis of Merrill 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 Merrill from various momentum indicators to cycle indicators. When you analyze Merrill 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 | 0.0085 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.7749 | |||
| Semi Deviation | 1.12 | |||
| Downside Deviation | 1.3 | |||
| Coefficient Of Variation | 14886.41 | |||
| Standard Deviation | 1.15 | |||
| Variance | 1.31 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.38 | |||
| Downside Variance | 1.7 | |||
| Semi Variance | 1.24 | |||
| Expected Short fall | (0.83) | |||
| Skewness | 0.2575 | |||
| Kurtosis | 3.8 |
Merrill Lynch One Year Return
Based on the recorded statements, Merrill Lynch has an One Year Return of 21.21%. This is 123.26% higher than that of the ELEMENTS family and significantly higher than that of the One Year Return category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Merrill Lynch is measured differently than its book value, which is the value of Merrill that is recorded on the company's balance sheet. Investors also form their own opinion of Merrill Lynch's value that differs from its market value or its book value, called intrinsic value, which is Merrill Lynch'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 Merrill Lynch's market value can be influenced by many factors that don't directly affect Merrill Lynch'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 Merrill Lynch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merrill Lynch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merrill Lynch'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.