Basic Materials Ultrasector Fund Technical Analysis
| BMPIX Fund | USD 101.91 1.71 1.65% |
As of the 22nd of December, Basic Materials shows the Standard Deviation of 1.24, risk adjusted performance of (0.16), and Mean Deviation of 0.9792. Basic Materials Ultr technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Basic Materials Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Basic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BasicBasic |
Basic Materials 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.
Basic Materials Ultr Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Basic Materials Ultr volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Basic Materials Ultr Trend Analysis
Use this graph to draw trend lines for Basic Materials Ultrasector. You can use it to identify possible trend reversals for Basic Materials 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 Basic Materials price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Basic Materials Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Basic Materials Ultrasector applied against its price change over selected period. The best fit line has a slop of 0.29 , which may suggest that Basic Materials Ultrasector market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3155.15, which is the sum of squared deviations for the predicted Basic Materials price change compared to its average price change.About Basic Materials 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 Basic Materials Ultrasector 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 Basic Materials Ultrasector based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Basic Materials Ultr price pattern first instead of the macroeconomic environment surrounding Basic Materials Ultr. By analyzing Basic Materials'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 Basic Materials'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 Basic Materials specific price patterns or momentum indicators. Please read more on our technical analysis page.
Basic Materials December 22, 2024 Technical Indicators
Most technical analysis of Basic 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 Basic from various momentum indicators to cycle indicators. When you analyze Basic 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 | (0.16) | |||
| Market Risk Adjusted Performance | (0.26) | |||
| Mean Deviation | 0.9792 | |||
| Coefficient Of Variation | (472.25) | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.54 | |||
| Information Ratio | (0.24) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.27) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.84 | |||
| Skewness | (0.09) | |||
| Kurtosis | 0.9241 |
Basic Materials Ultr One Year Return
Based on the recorded statements, Basic Materials Ultrasector has an One Year Return of 6.777%. This is 87.02% lower than that of the ProFunds family and 87.95% lower than that of the Trading--Leveraged Equity category. The one year return for all United States funds is 63.3% 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.Other Information on Investing in Basic Mutual Fund
Basic Materials financial ratios help investors to determine whether Basic Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Basic with respect to the benefits of owning Basic Materials security.
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