ETC Group (UK) Technical Analysis
| METR Etf | 12.63 0.24 1.86% |
As of the 12th of December 2024, ETC Group owns the Downside Deviation of 1.95, market risk adjusted performance of 0.2448, and Coefficient Of Variation of 673.79. Compared to fundamental indicators, the technical analysis model provides you with a way to check helpful technical drivers of ETC Group Global, as well as the relationship between them. Please confirm ETC Group Global coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if ETC Group Global is priced correctly, providing market reflects its prevailing price of 12.63 per share.
ETC Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETC, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETCETC |
ETC Group 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.
ETC Group Global Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-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 ETC Group Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ETC Group Global Trend Analysis
Use this graph to draw trend lines for ETC Group Global. You can use it to identify possible trend reversals for ETC Group 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 ETC Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETC Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETC Group Global applied against its price change over selected period. The best fit line has a slop of 0.04 , which means ETC Group Global will continue generating value for investors. It has 122 observation points and a regression sum of squares at 72.22, which is the sum of squared deviations for the predicted ETC Group price change compared to its average price change.About ETC Group 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 ETC Group Global 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 ETC Group Global based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETC Group Global price pattern first instead of the macroeconomic environment surrounding ETC Group Global. By analyzing ETC Group'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 ETC Group'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 ETC Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETC Group December 12, 2024 Technical Indicators
Most technical analysis of ETC 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 ETC from various momentum indicators to cycle indicators. When you analyze ETC 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 | 0.1127 | |||
| Market Risk Adjusted Performance | 0.2448 | |||
| Mean Deviation | 1.07 | |||
| Semi Deviation | 1.33 | |||
| Downside Deviation | 1.95 | |||
| Coefficient Of Variation | 673.79 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.53 | |||
| Information Ratio | 0.0701 | |||
| Jensen Alpha | 0.1158 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0572 | |||
| Treynor Ratio | 0.2348 | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.94 | |||
| Downside Variance | 3.8 | |||
| Semi Variance | 1.76 | |||
| Expected Short fall | (1.37) | |||
| Skewness | (0.36) | |||
| Kurtosis | 2.98 |
Other Information on Investing in ETC Etf
ETC Group financial ratios help investors to determine whether ETC 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 ETC with respect to the benefits of owning ETC Group security.