VanEck Gold (Australia) Technical Analysis
| GDX Etf | 56.93 0.64 1.11% |
As of the 27th of November, VanEck Gold has the Coefficient Of Variation of 49565.38, semi deviation of 1.92, and Risk Adjusted Performance of 0.0075. VanEck Gold 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.
VanEck Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as VanEck, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VanEckVanEck |
VanEck Gold 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.
VanEck Gold Miners Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-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 VanEck Gold Miners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
VanEck Gold Miners Trend Analysis
Use this graph to draw trend lines for VanEck Gold Miners. You can use it to identify possible trend reversals for VanEck Gold 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 VanEck Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.VanEck Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for VanEck Gold Miners applied against its price change over selected period. The best fit line has a slop of 0.03 , which means VanEck Gold Miners will continue generating value for investors. It has 122 observation points and a regression sum of squares at 31.94, which is the sum of squared deviations for the predicted VanEck Gold price change compared to its average price change.About VanEck Gold 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 VanEck Gold Miners 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 VanEck Gold Miners based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on VanEck Gold Miners price pattern first instead of the macroeconomic environment surrounding VanEck Gold Miners. By analyzing VanEck Gold'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 VanEck Gold'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 VanEck Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
VanEck Gold November 27, 2024 Technical Indicators
Most technical analysis of VanEck 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 VanEck from various momentum indicators to cycle indicators. When you analyze VanEck 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 | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0075 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.92 | |||
| Downside Deviation | 1.95 | |||
| Coefficient Of Variation | 49565.38 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.56 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 3.08 | |||
| Downside Variance | 3.8 | |||
| Semi Variance | 3.68 | |||
| Expected Short fall | (1.49) | |||
| Skewness | (0.22) | |||
| Kurtosis | 0.7172 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Gold Miners. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.