Roundhill Daily Inverse Etf Technical Analysis
| MAGQDelisted Etf | 20.24 0.11 0.54% |
As of the 13th of December 2024, Roundhill Daily holds the Variance of 3.77, coefficient of variation of (2,559), and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Roundhill Daily, as well as the relationship between them.
Roundhill Daily Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Roundhill, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RoundhillRoundhill |
Roundhill Daily 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, delisted etf market cycles, or different charting patterns.
Roundhill Daily Inverse Technical Analysis
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Roundhill Daily Inverse Trend Analysis
Use this graph to draw trend lines for Roundhill Daily Inverse. You can use it to identify possible trend reversals for Roundhill Daily 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 Roundhill Daily price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Roundhill Daily Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Roundhill Daily Inverse applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that Roundhill Daily Inverse market price will keep on failing further. It has 122 observation points and a regression sum of squares at 74.77, which is the sum of squared deviations for the predicted Roundhill Daily price change compared to its average price change.About Roundhill Daily 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 Roundhill Daily Inverse 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 Roundhill Daily Inverse based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Roundhill Daily Inverse price pattern first instead of the macroeconomic environment surrounding Roundhill Daily Inverse. By analyzing Roundhill Daily'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 Roundhill Daily'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 Roundhill Daily specific price patterns or momentum indicators. Please read more on our technical analysis page.
Roundhill Daily December 13, 2024 Technical Indicators
Most technical analysis of Roundhill 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 Roundhill from various momentum indicators to cycle indicators. When you analyze Roundhill 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 | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (2.77) | |||
| Mean Deviation | 1.48 | |||
| Coefficient Of Variation | (2,559) | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.77 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (2.78) | |||
| Maximum Drawdown | 7.69 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.07 | |||
| Skewness | 0.7004 | |||
| Kurtosis | 1.79 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Consideration for investing in Roundhill Etf
If you are still planning to invest in Roundhill Daily Inverse check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Roundhill Daily's history and understand the potential risks before investing.
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