Tappalpha Spy Growth Etf Technical Analysis
| TSPY Etf | 26.32 0.22 0.84% |
As of the 30th of November, TappAlpha SPY has the Coefficient Of Variation of 566.21, risk adjusted performance of 0.1348, and Semi Deviation of 0.6468. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of TappAlpha SPY Growth, as well as the relationship between them.
TappAlpha SPY Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TappAlpha, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TappAlphaTappAlpha |
TappAlpha SPY 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.
TappAlpha SPY Growth Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 TappAlpha SPY Growth volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TappAlpha SPY Growth Trend Analysis
Use this graph to draw trend lines for TappAlpha SPY Growth. You can use it to identify possible trend reversals for TappAlpha SPY 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 TappAlpha SPY price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TappAlpha SPY Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TappAlpha SPY Growth applied against its price change over selected period. The best fit line has a slop of 0.03 , which means TappAlpha SPY Growth will continue generating value for investors. It has 122 observation points and a regression sum of squares at 43.55, which is the sum of squared deviations for the predicted TappAlpha SPY price change compared to its average price change.About TappAlpha SPY 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 TappAlpha SPY Growth 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 TappAlpha SPY Growth based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on TappAlpha SPY Growth price pattern first instead of the macroeconomic environment surrounding TappAlpha SPY Growth. By analyzing TappAlpha SPY'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 TappAlpha SPY'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 TappAlpha SPY specific price patterns or momentum indicators. Please read more on our technical analysis page.
TappAlpha SPY November 30, 2024 Technical Indicators
Most technical analysis of TappAlpha 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 TappAlpha from various momentum indicators to cycle indicators. When you analyze TappAlpha 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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| Risk Adjusted Performance | 0.1348 | |||
| Market Risk Adjusted Performance | 0.1822 | |||
| Mean Deviation | 0.5545 | |||
| Semi Deviation | 0.6468 | |||
| Downside Deviation | 0.8363 | |||
| Coefficient Of Variation | 566.21 | |||
| Standard Deviation | 0.7508 | |||
| Variance | 0.5637 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.0317 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1722 | |||
| Maximum Drawdown | 4.21 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.04 | |||
| Downside Variance | 0.6995 | |||
| Semi Variance | 0.4184 | |||
| Expected Short fall | (0.60) | |||
| Skewness | (0.24) | |||
| Kurtosis | 1.79 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TappAlpha SPY Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of TappAlpha SPY Growth is measured differently than its book value, which is the value of TappAlpha that is recorded on the company's balance sheet. Investors also form their own opinion of TappAlpha SPY's value that differs from its market value or its book value, called intrinsic value, which is TappAlpha SPY'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 TappAlpha SPY's market value can be influenced by many factors that don't directly affect TappAlpha SPY'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 TappAlpha SPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if TappAlpha SPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TappAlpha SPY'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.