Betapro Gold Bullion Etf Technical Analysis
| HBU Etf | CAD 18.04 0.44 2.50% |
As of the 23rd of November, BetaPro Gold shows the Risk Adjusted Performance of 0.0822, downside deviation of 2.03, and Mean Deviation of 1.47. BetaPro Gold Bullion 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.
BetaPro 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 BetaPro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BetaProBetaPro |
BetaPro 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.
BetaPro Gold Bullion 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 BetaPro Gold Bullion volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BetaPro Gold Bullion Trend Analysis
Use this graph to draw trend lines for BetaPro Gold Bullion. You can use it to identify possible trend reversals for BetaPro 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 BetaPro Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BetaPro Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BetaPro Gold Bullion applied against its price change over selected period. The best fit line has a slop of 0.03 , which means BetaPro Gold Bullion will continue generating value for investors. It has 122 observation points and a regression sum of squares at 30.46, which is the sum of squared deviations for the predicted BetaPro Gold price change compared to its average price change.About BetaPro 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 BetaPro Gold Bullion 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 BetaPro Gold Bullion based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on BetaPro Gold Bullion price pattern first instead of the macroeconomic environment surrounding BetaPro Gold Bullion. By analyzing BetaPro 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 BetaPro 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 BetaPro Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
BetaPro Gold November 23, 2024 Technical Indicators
Most technical analysis of BetaPro 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 BetaPro from various momentum indicators to cycle indicators. When you analyze BetaPro 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 | 0.0822 | |||
| Market Risk Adjusted Performance | (0.34) | |||
| Mean Deviation | 1.47 | |||
| Semi Deviation | 1.84 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 1006.17 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.55 | |||
| Information Ratio | 0.03 | |||
| Jensen Alpha | 0.2387 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | (0.35) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.87 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 3.4 | |||
| Expected Short fall | (1.49) | |||
| Skewness | (0.55) | |||
| Kurtosis | 0.8137 |
Other Information on Investing in BetaPro Etf
BetaPro Gold financial ratios help investors to determine whether BetaPro Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BetaPro with respect to the benefits of owning BetaPro Gold security.