First Trust Cboe Etf Technical Analysis
| NOVB-F Etf | CAD 43.62 0.30 0.69% |
As of the 27th of November, First Trust shows the Mean Deviation of 0.1199, coefficient of variation of 519.65, and Standard Deviation of 0.2322. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of First Trust, as well as the relationship between them.
First Trust Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
First Trust 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.
First Trust Cboe Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-seven. 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 First Trust Cboe volatility. High ATR values indicate high volatility, and low values indicate low volatility.
First Trust Cboe Trend Analysis
Use this graph to draw trend lines for First Trust Cboe. You can use it to identify possible trend reversals for First Trust 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 First Trust price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.First Trust Best Fit Change Line
The following chart estimates an ordinary least squares regression model for First Trust Cboe applied against its price change over selected period. The best fit line has a slop of 0.03 , which means First Trust Cboe will continue generating value for investors. It has 122 observation points and a regression sum of squares at 25.02, which is the sum of squared deviations for the predicted First Trust price change compared to its average price change.About First Trust 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 First Trust Cboe 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 First Trust Cboe based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on First Trust Cboe price pattern first instead of the macroeconomic environment surrounding First Trust Cboe. By analyzing First Trust'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 First Trust'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 First Trust specific price patterns or momentum indicators. Please read more on our technical analysis page.
First Trust November 27, 2024 Technical Indicators
Most technical analysis of First 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 First from various momentum indicators to cycle indicators. When you analyze First 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 | 0.1242 | |||
| Market Risk Adjusted Performance | (3.11) | |||
| Mean Deviation | 0.1199 | |||
| Downside Deviation | 0.2726 | |||
| Coefficient Of Variation | 519.65 | |||
| Standard Deviation | 0.2322 | |||
| Variance | 0.0539 | |||
| Information Ratio | (0.37) | |||
| Jensen Alpha | 0.036 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (3.12) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.4408 | |||
| Downside Variance | 0.0743 | |||
| Semi Variance | (0.04) | |||
| Expected Short fall | (0.37) | |||
| Skewness | 3.34 | |||
| Kurtosis | 17.23 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Trust Cboe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.