Hennessy Stance Esg Etf Technical Analysis
| STNC Etf | USD 30.51 0.14 0.46% |
As of the 10th of January, Hennessy Stance retains the Standard Deviation of 0.6683, market risk adjusted performance of (0.13), and Risk Adjusted Performance of (0.03). Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Hennessy Stance ESG, as well as the relationship between them.
Hennessy Stance Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hennessy, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HennessyHennessy |
Hennessy Stance 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.
Hennessy Stance ESG 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 Hennessy Stance ESG volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hennessy Stance ESG Trend Analysis
Use this graph to draw trend lines for Hennessy Stance ESG. You can use it to identify possible trend reversals for Hennessy Stance 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 Hennessy Stance price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hennessy Stance Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hennessy Stance ESG applied against its price change over selected period. The best fit line has a slop of 0.0072 , which may suggest that Hennessy Stance ESG market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.96, which is the sum of squared deviations for the predicted Hennessy Stance price change compared to its average price change.About Hennessy Stance 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 Hennessy Stance ESG 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 Hennessy Stance ESG based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Hennessy Stance ESG price pattern first instead of the macroeconomic environment surrounding Hennessy Stance ESG. By analyzing Hennessy Stance'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 Hennessy Stance'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 Hennessy Stance specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hennessy Stance January 10, 2025 Technical Indicators
Most technical analysis of Hennessy 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 Hennessy from various momentum indicators to cycle indicators. When you analyze Hennessy 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 0.5042 | |||
| Coefficient Of Variation | (2,916) | |||
| Standard Deviation | 0.6683 | |||
| Variance | 0.4466 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.02 | |||
| Skewness | 0.0555 | |||
| Kurtosis | 0.9216 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Hennessy Stance ESG. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of Hennessy Stance ESG is measured differently than its book value, which is the value of Hennessy that is recorded on the company's balance sheet. Investors also form their own opinion of Hennessy Stance's value that differs from its market value or its book value, called intrinsic value, which is Hennessy Stance'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 Hennessy Stance's market value can be influenced by many factors that don't directly affect Hennessy Stance'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 Hennessy Stance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Stance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Stance'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.