Banks Ultrasector Profund Fund Technical Analysis
| BKPIX Fund | USD 46.46 0.43 0.93% |
As of the 24th of April, Banks Ultrasector shows the Mean Deviation of 1.6, risk adjusted performance of 0.0171, and Downside Deviation of 2.44. Banks Ultrasector Profund 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. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Banks Ultrasector Profund, which can be compared to its peers. Please confirm Banks Ultrasector Profund coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Banks Ultrasector Profund is priced correctly, providing market reflects its regular price of 46.46 per share.
Banks Ultrasector Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Banks, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BanksBanks |
Banks Ultrasector 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.
Banks Ultrasector Profund 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 Banks Ultrasector Profund volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Banks Ultrasector Profund Trend Analysis
Use this graph to draw trend lines for Banks Ultrasector Profund. You can use it to identify possible trend reversals for Banks Ultrasector 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 Banks Ultrasector price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Banks Ultrasector Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Banks Ultrasector Profund applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Banks Ultrasector Profund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22.08, which is the sum of squared deviations for the predicted Banks Ultrasector price change compared to its average price change.About Banks Ultrasector 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 Banks Ultrasector Profund 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 Banks Ultrasector Profund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Banks Ultrasector Profund price pattern first instead of the macroeconomic environment surrounding Banks Ultrasector Profund. By analyzing Banks Ultrasector'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 Banks Ultrasector'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 Banks Ultrasector specific price patterns or momentum indicators. Please read more on our technical analysis page.
Banks Ultrasector April 24, 2024 Technical Indicators
Most technical analysis of Banks 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 Banks from various momentum indicators to cycle indicators. When you analyze Banks 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 | 0.0171 | |||
| Market Risk Adjusted Performance | 0.0217 | |||
| Mean Deviation | 1.6 | |||
| Semi Deviation | 2.39 | |||
| Downside Deviation | 2.44 | |||
| Coefficient Of Variation | 6273.56 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.97 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0117 | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.04 | |||
| Downside Variance | 5.93 | |||
| Semi Variance | 5.7 | |||
| Expected Short fall | (1.55) | |||
| Skewness | (0.42) | |||
| Kurtosis | 1.16 |
Banks Ultrasector Profund One Year Return
Based on the recorded statements, Banks Ultrasector Profund has an One Year Return of 23.2296%. This is 55.51% lower than that of the ProFunds family and 58.69% lower than that of the Trading--Leveraged Equity category. The one year return for all United States funds is notably 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.Banks Ultrasector April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Banks stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 46.46 | ||
| Day Typical Price | 46.46 | ||
| Price Action Indicator | 0.21 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Banks Ultrasector Profund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.