Ninepoint Energy Income Etf Technical Analysis
| NRGI Etf | 19.62 0.06 0.31% |
As of the 2nd of December, Ninepoint Energy secures the Standard Deviation of 1.37, mean deviation of 1.06, and Risk Adjusted Performance of (0.02). Our technical analysis interface lets you check existing technical drivers of Ninepoint Energy Income, as well as the relationship between them. Please verify Ninepoint Energy Income value at risk, skewness, and the relationship between the maximum drawdown and potential upside to decide if Ninepoint Energy Income is priced some-what accurately, providing market reflects its recent price of 19.62 per share.
Ninepoint Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ninepoint, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NinepointNinepoint |
Ninepoint Energy 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.
Ninepoint Energy Income 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 Ninepoint Energy Income volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ninepoint Energy Income Trend Analysis
Use this graph to draw trend lines for Ninepoint Energy Income. You can use it to identify possible trend reversals for Ninepoint Energy 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 Ninepoint Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ninepoint Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ninepoint Energy Income applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Ninepoint Energy Income will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.0, which is the sum of squared deviations for the predicted Ninepoint Energy price change compared to its average price change.About Ninepoint Energy 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 Ninepoint Energy Income 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 Ninepoint Energy Income based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Ninepoint Energy Income price pattern first instead of the macroeconomic environment surrounding Ninepoint Energy Income. By analyzing Ninepoint Energy'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 Ninepoint Energy'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 Ninepoint Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ninepoint Energy December 2, 2024 Technical Indicators
Most technical analysis of Ninepoint 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 Ninepoint from various momentum indicators to cycle indicators. When you analyze Ninepoint 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.81) | |||
| Mean Deviation | 1.06 | |||
| Coefficient Of Variation | (3,831) | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.87 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.82) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.88 | |||
| Skewness | (0.22) | |||
| Kurtosis | 0.1858 |
Other Information on Investing in Ninepoint Etf
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Etf 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 Ninepoint with respect to the benefits of owning Ninepoint Energy security.