Ishares Tech Breakthrough Etf Technical Analysis
| TECB Etf | USD 55.29 0.29 0.53% |
As of the 27th of November, IShares Tech retains the Risk Adjusted Performance of 0.1273, downside deviation of 1.14, and Market Risk Adjusted Performance of 0.1697. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of iShares Tech Breakthrough, as well as the relationship between them.
IShares Tech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as IShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ISharesIShares |
IShares Tech 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.
iShares Tech Breakthrough 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 iShares Tech Breakthrough volatility. High ATR values indicate high volatility, and low values indicate low volatility.
iShares Tech Breakthrough Trend Analysis
Use this graph to draw trend lines for iShares Tech Breakthrough. You can use it to identify possible trend reversals for IShares Tech 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 IShares Tech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.IShares Tech Best Fit Change Line
The following chart estimates an ordinary least squares regression model for iShares Tech Breakthrough applied against its price change over selected period. The best fit line has a slop of 0.1 , which means iShares Tech Breakthrough will continue generating value for investors. It has 122 observation points and a regression sum of squares at 374.7, which is the sum of squared deviations for the predicted IShares Tech price change compared to its average price change.About IShares Tech 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 iShares Tech Breakthrough 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 iShares Tech Breakthrough based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on iShares Tech Breakthrough price pattern first instead of the macroeconomic environment surrounding iShares Tech Breakthrough. By analyzing IShares Tech'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 IShares Tech'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 IShares Tech specific price patterns or momentum indicators. Please read more on our technical analysis page.
IShares Tech November 27, 2024 Technical Indicators
Most technical analysis of IShares 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 IShares from various momentum indicators to cycle indicators. When you analyze IShares 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 | 0.1273 | |||
| Market Risk Adjusted Performance | 0.1697 | |||
| Mean Deviation | 0.7216 | |||
| Semi Deviation | 0.9299 | |||
| Downside Deviation | 1.14 | |||
| Coefficient Of Variation | 611.63 | |||
| Standard Deviation | 1.0 | |||
| Variance | 1.0 | |||
| Information Ratio | 0.0331 | |||
| Jensen Alpha | 0.0378 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0291 | |||
| Treynor Ratio | 0.1597 | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.47 | |||
| Downside Variance | 1.29 | |||
| Semi Variance | 0.8647 | |||
| Expected Short fall | (0.76) | |||
| Skewness | (0.61) | |||
| Kurtosis | 1.43 |
iShares Tech Breakthrough One Year Return
Based on the recorded statements, iShares Tech Breakthrough has an One Year Return of 38.7%. This is much higher than that of the iShares family and 89.45% higher than that of the Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in iShares Tech Breakthrough. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of iShares Tech Breakthrough is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Tech's value that differs from its market value or its book value, called intrinsic value, which is IShares Tech'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 IShares Tech's market value can be influenced by many factors that don't directly affect IShares Tech'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 IShares Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Tech'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.