Fundx Aggressive Etf Technical Analysis
| XNAV Etf | USD 72.79 0.60 0.83% |
As of the 30th of November, FundX Aggressive shows the Coefficient Of Variation of 834.19, mean deviation of 0.7841, and Downside Deviation of 1.31. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of FundX Aggressive, as well as the relationship between them. Please confirm FundX Aggressive ETF variance and potential upside to decide if FundX Aggressive ETF is priced favorably, providing market reflects its regular price of 72.79 per share.
FundX Aggressive Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as FundX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FundXFundX |
FundX Aggressive 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.
FundX Aggressive ETF 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 FundX Aggressive ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
FundX Aggressive ETF Trend Analysis
Use this graph to draw trend lines for FundX Aggressive ETF. You can use it to identify possible trend reversals for FundX Aggressive 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 FundX Aggressive price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.FundX Aggressive Best Fit Change Line
The following chart estimates an ordinary least squares regression model for FundX Aggressive ETF applied against its price change over selected period. The best fit line has a slop of 0.12 , which means FundX Aggressive ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 577.56, which is the sum of squared deviations for the predicted FundX Aggressive price change compared to its average price change.About FundX Aggressive 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 FundX Aggressive ETF 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 FundX Aggressive ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on FundX Aggressive ETF price pattern first instead of the macroeconomic environment surrounding FundX Aggressive ETF. By analyzing FundX Aggressive'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 FundX Aggressive'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 FundX Aggressive specific price patterns or momentum indicators. Please read more on our technical analysis page.
FundX Aggressive November 30, 2024 Technical Indicators
Most technical analysis of FundX 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 FundX from various momentum indicators to cycle indicators. When you analyze FundX 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 | 0.095 | |||
| Market Risk Adjusted Performance | 0.1244 | |||
| Mean Deviation | 0.7841 | |||
| Semi Deviation | 1.15 | |||
| Downside Deviation | 1.31 | |||
| Coefficient Of Variation | 834.19 | |||
| Standard Deviation | 1.15 | |||
| Variance | 1.32 | |||
| Information Ratio | 2.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | 0.1144 | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.51 | |||
| Downside Variance | 1.72 | |||
| Semi Variance | 1.33 | |||
| Expected Short fall | (0.78) | |||
| Skewness | (0.43) | |||
| Kurtosis | 2.89 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in FundX Aggressive ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of FundX Aggressive ETF is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Aggressive's value that differs from its market value or its book value, called intrinsic value, which is FundX Aggressive'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 FundX Aggressive's market value can be influenced by many factors that don't directly affect FundX Aggressive'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 FundX Aggressive's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Aggressive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Aggressive'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.