Principal Spectrum Preferred Etf Technical Analysis
| PREF Etf | USD 18.73 0.01 0.05% |
As of the 26th of November, Principal Spectrum holds the Risk Adjusted Performance of 0.125, downside deviation of 0.1619, and Standard Deviation of 0.1739. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Principal Spectrum, as well as the relationship between them. Please check Principal Spectrum jensen alpha, as well as the relationship between the potential upside and skewness to decide if Principal Spectrum is priced some-what accurately, providing market reflects its current price of 18.73 per share.
Principal Spectrum Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Principal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PrincipalPrincipal |
Principal Spectrum 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.
Principal Spectrum Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Principal Spectrum volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Principal Spectrum Trend Analysis
Use this graph to draw trend lines for Principal Spectrum Preferred. You can use it to identify possible trend reversals for Principal Spectrum 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 Principal Spectrum price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Principal Spectrum Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Principal Spectrum Preferred applied against its price change over selected period. The best fit line has a slop of 0 , which means Principal Spectrum Preferred will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.65, which is the sum of squared deviations for the predicted Principal Spectrum price change compared to its average price change.About Principal Spectrum 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 Principal Spectrum Preferred 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 Principal Spectrum Preferred based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Principal Spectrum price pattern first instead of the macroeconomic environment surrounding Principal Spectrum. By analyzing Principal Spectrum'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 Principal Spectrum'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 Principal Spectrum specific price patterns or momentum indicators. Please read more on our technical analysis page.
Principal Spectrum November 26, 2024 Technical Indicators
Most technical analysis of Principal 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 Principal from various momentum indicators to cycle indicators. When you analyze Principal 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.125 | |||
| Market Risk Adjusted Performance | 0.2973 | |||
| Mean Deviation | 0.1348 | |||
| Downside Deviation | 0.1619 | |||
| Coefficient Of Variation | 480.7 | |||
| Standard Deviation | 0.1739 | |||
| Variance | 0.0302 | |||
| Information Ratio | (0.53) | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.0008) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 0.2873 | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.3228 | |||
| Downside Variance | 0.0262 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.18) | |||
| Skewness | 0.0899 | |||
| Kurtosis | 1.76 |
Principal Spectrum One Year Return
Based on the recorded statements, Principal Spectrum Preferred has an One Year Return of 16.1%. This is 182.95% higher than that of the Principal Funds family and significantly higher than that of the Preferred Stock 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 Principal Spectrum Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of Principal Spectrum is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum'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 Principal Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum'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 Principal Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum'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.