Materials Select Sector Etf Technical Analysis
| XLB Etf | USD 89.38 0.31 0.35% |
As of the 7th of February, Materials Select secures the Risk Adjusted Performance of (0.08), mean deviation of 0.6744, and Standard Deviation of 0.871. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Materials Select Sector, as well as the relationship between them.
Materials Select Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Materials, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MaterialsMaterials |
Materials Select 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.
Materials Select Sector Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Materials Select Sector volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Materials Select Sector Trend Analysis
Use this graph to draw trend lines for Materials Select Sector. You can use it to identify possible trend reversals for Materials Select 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 Materials Select price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Materials Select Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Materials Select Sector applied against its price change over selected period. The best fit line has a slop of 0.12 , which may imply that the returns on investment in Materials Select Sector will continue to fail. It has 122 observation points and a regression sum of squares at 508.72, which is the sum of squared deviations for the predicted Materials Select price change compared to its average price change.About Materials Select 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 Materials Select Sector 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 Materials Select Sector based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Materials Select Sector price pattern first instead of the macroeconomic environment surrounding Materials Select Sector. By analyzing Materials Select'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 Materials Select'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 Materials Select specific price patterns or momentum indicators. Please read more on our technical analysis page.
Materials Select February 7, 2025 Technical Indicators
Most technical analysis of Materials 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 Materials from various momentum indicators to cycle indicators. When you analyze Materials 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 | (0.08) | |||
| Market Risk Adjusted Performance | (0.20) | |||
| Mean Deviation | 0.6744 | |||
| Coefficient Of Variation | (1,090) | |||
| Standard Deviation | 0.871 | |||
| Variance | 0.7586 | |||
| Information Ratio | (0.20) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.21) | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.24 | |||
| Skewness | (0.18) | |||
| Kurtosis | 0.8845 |
Materials Select Sector One Year Return
Based on the recorded statements, Materials Select Sector has an One Year Return of 11.9%. This is 53.35% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Natural Resources 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.Materials Select February 7, 2025 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Materials stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 78,309 | ||
| Daily Balance Of Power | 0.34 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 89.15 | ||
| Day Typical Price | 89.23 | ||
| Price Action Indicator | 0.38 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Materials Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Materials Select Sector is measured differently than its book value, which is the value of Materials that is recorded on the company's balance sheet. Investors also form their own opinion of Materials Select's value that differs from its market value or its book value, called intrinsic value, which is Materials Select'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 Materials Select's market value can be influenced by many factors that don't directly affect Materials Select'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 Materials Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Materials Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Materials Select'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.