Etracs 2xmonthly Pay Etf Technical Analysis
| PFFL Etf | USD 9.93 0.15 1.53% |
As of the 22nd of November, ETRACS 2xMonthly shows the Market Risk Adjusted Performance of 0.0844, downside deviation of 1.45, and Mean Deviation of 0.9134. Relative to fundamental indicators, the technical analysis model provides you with a way to check practical technical drivers of ETRACS 2xMonthly, as well as the relationship between them. Please confirm ETRACS 2xMonthly Pay information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if ETRACS 2xMonthly Pay is priced fairly, providing market reflects its regular price of 9.93 per share.
ETRACS 2xMonthly Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETRACS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETRACSETRACS |
ETRACS 2xMonthly 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.
ETRACS 2xMonthly Pay Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-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 ETRACS 2xMonthly Pay volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ETRACS 2xMonthly Pay Trend Analysis
Use this graph to draw trend lines for ETRACS 2xMonthly Pay. You can use it to identify possible trend reversals for ETRACS 2xMonthly 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 ETRACS 2xMonthly price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETRACS 2xMonthly Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETRACS 2xMonthly Pay applied against its price change over selected period. The best fit line has a slop of 0.002 , which may suggest that ETRACS 2xMonthly Pay market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.16, which is the sum of squared deviations for the predicted ETRACS 2xMonthly price change compared to its average price change.About ETRACS 2xMonthly 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 ETRACS 2xMonthly Pay 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 ETRACS 2xMonthly Pay based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETRACS 2xMonthly Pay price pattern first instead of the macroeconomic environment surrounding ETRACS 2xMonthly Pay. By analyzing ETRACS 2xMonthly'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 ETRACS 2xMonthly'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 ETRACS 2xMonthly specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETRACS 2xMonthly November 22, 2024 Technical Indicators
Most technical analysis of ETRACS 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 ETRACS from various momentum indicators to cycle indicators. When you analyze ETRACS 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 | 0.0276 | |||
| Market Risk Adjusted Performance | 0.0844 | |||
| Mean Deviation | 0.9134 | |||
| Semi Deviation | 1.36 | |||
| Downside Deviation | 1.45 | |||
| Coefficient Of Variation | 3196.34 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.5 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0744 | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.64 | |||
| Downside Variance | 2.11 | |||
| Semi Variance | 1.86 | |||
| Expected Short fall | (0.90) | |||
| Skewness | (1.01) | |||
| Kurtosis | 2.38 |
ETRACS 2xMonthly Pay One Year Return
Based on the recorded statements, ETRACS 2xMonthly Pay has an One Year Return of 22.5%. This is 47.44% higher than that of the UBS family and significantly higher than that of the Trading--Miscellaneous category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ETRACS 2xMonthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of ETRACS 2xMonthly Pay is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS 2xMonthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2xMonthly'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 ETRACS 2xMonthly's market value can be influenced by many factors that don't directly affect ETRACS 2xMonthly'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 ETRACS 2xMonthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2xMonthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2xMonthly'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.