Magic Technical Analysis
| MAGIC Crypto | USD 0.48 0.04 9.09% |
As of the 25th of November, Magic secures the Downside Deviation of 5.96, mean deviation of 4.37, and Risk Adjusted Performance of 0.0575. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magic, as well as the relationship between them.
Magic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MagicMagic |
Magic technical crypto coin 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, crypto market cycles, or different charting patterns.
Magic 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 Magic volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Magic Trend Analysis
Use this graph to draw trend lines for Magic. You can use it to identify possible trend reversals for Magic 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 Magic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Magic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Magic applied against its price change over selected period. The best fit line has a slop of 0 , which means Magic will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.06, which is the sum of squared deviations for the predicted Magic price change compared to its average price change.About Magic 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 Magic 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 Magic based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Magic price pattern first instead of the macroeconomic environment surrounding Magic. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Magic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Magic specific price patterns or momentum indicators.
Magic November 25, 2024 Technical Indicators
Most technical analysis of Magic 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 Magic from various momentum indicators to cycle indicators. When you analyze Magic 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 | 0.0575 | |||
| Market Risk Adjusted Performance | 0.3781 | |||
| Mean Deviation | 4.37 | |||
| Semi Deviation | 4.92 | |||
| Downside Deviation | 5.96 | |||
| Coefficient Of Variation | 1571.06 | |||
| Standard Deviation | 5.81 | |||
| Variance | 33.75 | |||
| Information Ratio | 0.0411 | |||
| Jensen Alpha | 0.2417 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | 0.3681 | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 10.81 | |||
| Downside Variance | 35.53 | |||
| Semi Variance | 24.22 | |||
| Expected Short fall | (5.92) | |||
| Skewness | (0.09) | |||
| Kurtosis | 1.56 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.