Guinness Atkinson Asset Etf Technical Analysis
MRAD Etf | USD 15.38 0.00 0.00% |
As of the 15th of December 2024, Guinness Atkinson retains the Market Risk Adjusted Performance of (0.38), downside deviation of 1.5, and Risk Adjusted Performance of 0.0313. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Guinness Atkinson Asset, as well as the relationship between them. Please check out Guinness Atkinson Asset treynor ratio, and the relationship between the variance and potential upside to decide if Guinness Atkinson is priced fairly, providing market reflects its last-minute price of 15.38 per share.
Guinness Atkinson Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Guinness, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GuinnessGuinness |
Guinness Atkinson 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.
Guinness Atkinson Asset Technical Analysis
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Guinness Atkinson Asset Trend Analysis
Use this graph to draw trend lines for Guinness Atkinson Asset. You can use it to identify possible trend reversals for Guinness Atkinson 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 Guinness Atkinson price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Guinness Atkinson Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Guinness Atkinson Asset applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Guinness Atkinson Asset will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3.94, which is the sum of squared deviations for the predicted Guinness Atkinson price change compared to its average price change.About Guinness Atkinson 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 Guinness Atkinson Asset 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 Guinness Atkinson Asset based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Guinness Atkinson Asset price pattern first instead of the macroeconomic environment surrounding Guinness Atkinson Asset. By analyzing Guinness Atkinson'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 Guinness Atkinson'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 Guinness Atkinson specific price patterns or momentum indicators. Please read more on our technical analysis page.
Guinness Atkinson December 15, 2024 Technical Indicators
Most technical analysis of Guinness 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 Guinness from various momentum indicators to cycle indicators. When you analyze Guinness 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.
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Pattern Recognition | ||
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Statistic Functions | ||
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Volume Indicators |
Risk Adjusted Performance | 0.0313 | |||
Market Risk Adjusted Performance | (0.38) | |||
Mean Deviation | 0.8337 | |||
Semi Deviation | 1.26 | |||
Downside Deviation | 1.5 | |||
Coefficient Of Variation | 2681.08 | |||
Standard Deviation | 1.25 | |||
Variance | 1.57 | |||
Information Ratio | (0.04) | |||
Jensen Alpha | 0.0451 | |||
Total Risk Alpha | (0.12) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | (0.39) | |||
Maximum Drawdown | 6.34 | |||
Value At Risk | (2.24) | |||
Potential Upside | 1.87 | |||
Downside Variance | 2.25 | |||
Semi Variance | 1.58 | |||
Expected Short fall | (1.00) | |||
Skewness | (0.96) | |||
Kurtosis | 2.37 |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Guinness Atkinson Asset is measured differently than its book value, which is the value of Guinness that is recorded on the company's balance sheet. Investors also form their own opinion of Guinness Atkinson's value that differs from its market value or its book value, called intrinsic value, which is Guinness Atkinson'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 Guinness Atkinson's market value can be influenced by many factors that don't directly affect Guinness Atkinson'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 Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson'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.