As of the 19th of April, Value Line has the Variance of 2.9, coefficient of variation of (1,402), and Risk Adjusted Performance of (0.11). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Value Line Income, as well as the relationship between them.
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Value, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Value
Value
Value Line's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Value Line technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of Value Line technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Value Line trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
Value Line Income 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 Value Line Income volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Value Line Income Trend Analysis
Use this graph to draw trend lines for Value Line Income. You can use it to identify possible trend reversals for Value Line 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 Value Line price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Value Line Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Value Line Income applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Value Line Income market price will keep on failing further. It has 122 observation points and a regression sum of squares at 38.03, which is the sum of squared deviations for the predicted Value Line price change compared to its average price change.