Us Global Jets Etf Technical Analysis
| JETS Etf | USD 26.37 0.34 1.31% |
As of the 2nd of February, US Global owns the Risk Adjusted Performance of 0.1543, mean deviation of 1.18, and Downside Deviation of 1.24. US Global Jets technical analysis provides you with a way to harness past data patterns to determine a pattern that measures the direction of the etf's future prices. Please validate US Global Jets market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if US Global Jets is priced correctly, providing market reflects its prevailing price of 26.37 per share.
US Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as JETS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JETSJETS |
US Global 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.
US Global Jets Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 US Global Jets volatility. High ATR values indicate high volatility, and low values indicate low volatility.
US Global Jets Trend Analysis
Use this graph to draw trend lines for US Global Jets. You can use it to identify possible trend reversals for US Global 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 US Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.US Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for US Global Jets applied against its price change over selected period. The best fit line has a slop of 0.04 , which means US Global Jets will continue generating value for investors. It has 122 observation points and a regression sum of squares at 68.79, which is the sum of squared deviations for the predicted US Global price change compared to its average price change.About US Global 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 US Global Jets 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 US Global Jets based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on US Global Jets price pattern first instead of the macroeconomic environment surrounding US Global Jets. By analyzing US Global'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 US Global'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 US Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
US Global February 2, 2025 Technical Indicators
Most technical analysis of JETS 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 JETS from various momentum indicators to cycle indicators. When you analyze JETS 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 | 0.1543 | |||
| Market Risk Adjusted Performance | 6.52 | |||
| Mean Deviation | 1.18 | |||
| Semi Deviation | 0.9813 | |||
| Downside Deviation | 1.24 | |||
| Coefficient Of Variation | 559.11 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 | |||
| Information Ratio | 0.1247 | |||
| Jensen Alpha | 0.2473 | |||
| Total Risk Alpha | 0.1309 | |||
| Sortino Ratio | 0.1463 | |||
| Treynor Ratio | 6.51 | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.37 | |||
| Downside Variance | 1.53 | |||
| Semi Variance | 0.9629 | |||
| Expected Short fall | (1.35) | |||
| Skewness | 0.4757 | |||
| Kurtosis | 0.4155 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Jets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of US Global Jets is measured differently than its book value, which is the value of JETS that is recorded on the company's balance sheet. Investors also form their own opinion of US Global's value that differs from its market value or its book value, called intrinsic value, which is US Global'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 US Global's market value can be influenced by many factors that don't directly affect US Global'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 US Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Global'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.