Health Care Ultrasector Fund Technical Analysis
| HCPSX Fund | USD 86.24 0.59 0.69% |
As of the 1st of December, Health Care retains the risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (0.18). Health Care technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.
Health Care Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Health, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HealthHealth |
Health Care technical mutual fund 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, fund market cycles, or different charting patterns.
Health Care Ultrasector Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Health Care Ultrasector volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Health Care Ultrasector Trend Analysis
Use this graph to draw trend lines for Health Care Ultrasector. You can use it to identify possible trend reversals for Health Care 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 Health Care price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Health Care Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Health Care Ultrasector applied against its price change over selected period. The best fit line has a slop of 0.2 , which may suggest that Health Care Ultrasector market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1545.03, which is the sum of squared deviations for the predicted Health Care price change compared to its average price change.About Health Care 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 Health Care Ultrasector 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 Health Care Ultrasector based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Health Care Ultrasector price pattern first instead of the macroeconomic environment surrounding Health Care Ultrasector. By analyzing Health Care'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 Health Care'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 Health Care specific price patterns or momentum indicators. Please read more on our technical analysis page.
Health Care December 1, 2024 Technical Indicators
Most technical analysis of Health 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 Health from various momentum indicators to cycle indicators. When you analyze Health 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 | (0.11) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 0.816 | |||
| Coefficient Of Variation | (706.49) | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.01 | |||
| Information Ratio | (0.28) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.23 | |||
| Skewness | (0.44) | |||
| Kurtosis | (0.24) |
Health Care Ultrasector One Year Return
Based on the recorded statements, Health Care Ultrasector has an One Year Return of 12.0278%. This is 76.96% lower than that of the ProFunds family and 78.61% lower than that of the Trading--Leveraged Equity category. The one year return for all United States funds is 189.83% 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.Other Information on Investing in Health Mutual Fund
Health Care financial ratios help investors to determine whether Health Mutual Fund 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 Health with respect to the benefits of owning Health Care security.
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