Etf Opportunities Trust Etf Technical Analysis
| WLTG Etf | USD 30.43 0.19 0.63% |
As of the 27th of November, ETF Opportunities shows the mean deviation of 0.5572, and Downside Deviation of 0.8758. In relation to fundamental indicators, the technical analysis model provides you with a way to check helpful technical drivers of ETF Opportunities, as well as the relationship between them. Please confirm ETF Opportunities Trust downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if ETF Opportunities Trust is priced adequately, providing market reflects its regular price of 30.43 per share.
ETF Opportunities Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETF, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETFETF |
ETF Opportunities 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.
ETF Opportunities Trust Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-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 ETF Opportunities Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ETF Opportunities Trust Trend Analysis
Use this graph to draw trend lines for ETF Opportunities Trust. You can use it to identify possible trend reversals for ETF Opportunities 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 ETF Opportunities price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETF Opportunities Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETF Opportunities Trust applied against its price change over selected period. The best fit line has a slop of 0.04 , which means ETF Opportunities Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 71.49, which is the sum of squared deviations for the predicted ETF Opportunities price change compared to its average price change.About ETF Opportunities 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 ETF Opportunities Trust 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 ETF Opportunities Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETF Opportunities Trust price pattern first instead of the macroeconomic environment surrounding ETF Opportunities Trust. By analyzing ETF Opportunities'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 ETF Opportunities'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 ETF Opportunities specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETF Opportunities November 27, 2024 Technical Indicators
Most technical analysis of ETF 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 ETF from various momentum indicators to cycle indicators. When you analyze ETF 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1208 | |||
| Market Risk Adjusted Performance | 0.1581 | |||
| Mean Deviation | 0.5572 | |||
| Semi Deviation | 0.6986 | |||
| Downside Deviation | 0.8758 | |||
| Coefficient Of Variation | 633.82 | |||
| Standard Deviation | 0.7775 | |||
| Variance | 0.6045 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1481 | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.24 | |||
| Downside Variance | 0.767 | |||
| Semi Variance | 0.4881 | |||
| Expected Short fall | (0.58) | |||
| Skewness | (0.66) | |||
| Kurtosis | 2.05 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ETF Opportunities Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of ETF Opportunities Trust is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Opportunities' value that differs from its market value or its book value, called intrinsic value, which is ETF Opportunities' 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 ETF Opportunities' market value can be influenced by many factors that don't directly affect ETF Opportunities' 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 ETF Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Opportunities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Opportunities' 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.