LG DAX (Germany) Technical Analysis
| DES2 Etf | EUR 0.94 0.02 2.17% |
As of the 21st of December, LG DAX owns the Mean Deviation of 1.2, market risk adjusted performance of 0.6452, and Information Ratio of (0.09). LG DAX Daily technical analysis lets you operate past data patterns with an objective to determine a pattern that forecasts the direction of the etf's future prices. Please verify LG DAX Daily coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if LG DAX Daily is priced some-what accurately, providing market reflects its prevailing price of 0.94 per share.
LG DAX Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as DES2, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DES2DES2 |
LG DAX 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.
LG DAX Daily Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-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 LG DAX Daily volatility. High ATR values indicate high volatility, and low values indicate low volatility.
LG DAX Daily Trend Analysis
Use this graph to draw trend lines for LG DAX Daily. You can use it to identify possible trend reversals for LG DAX 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 LG DAX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.LG DAX Best Fit Change Line
The following chart estimates an ordinary least squares regression model for LG DAX Daily applied against its price change over selected period. The best fit line has a slop of 0.0015 , which may suggest that LG DAX Daily market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted LG DAX price change compared to its average price change.About LG DAX 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 LG DAX Daily 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 LG DAX Daily based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on LG DAX Daily price pattern first instead of the macroeconomic environment surrounding LG DAX Daily. By analyzing LG DAX'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 LG DAX'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 LG DAX specific price patterns or momentum indicators. Please read more on our technical analysis page.
LG DAX December 21, 2024 Technical Indicators
Most technical analysis of DES2 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 DES2 from various momentum indicators to cycle indicators. When you analyze DES2 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 | (0.05) | |||
| Market Risk Adjusted Performance | 0.6452 | |||
| Mean Deviation | 1.2 | |||
| Coefficient Of Variation | (1,375) | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.37 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.6352 | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.22 | |||
| Skewness | 0.5208 | |||
| Kurtosis | 0.3843 |
Other Information on Investing in DES2 Etf
LG DAX financial ratios help investors to determine whether DES2 Etf 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 DES2 with respect to the benefits of owning LG DAX security.