Siren Nasdaq Nexgen Etf Technical Analysis
| BLCN Etf | USD 24.61 0.07 0.29% |
As of the 19th of April, Siren Nasdaq has the Semi Deviation of 1.73, coefficient of variation of 1413.22, and Risk Adjusted Performance of 0.0509. Siren Nasdaq technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Siren Nasdaq NexGen, which can be compared to its competition. Please validate Siren Nasdaq NexGen treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Siren Nasdaq is priced more or less accurately, providing market reflects its prevalent price of 24.61 per share.
Siren Nasdaq Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Siren, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SirenSiren |
Siren Nasdaq 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.
Siren Nasdaq NexGen Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. 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 Siren Nasdaq NexGen volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Siren Nasdaq NexGen Trend Analysis
Use this graph to draw trend lines for Siren Nasdaq NexGen. You can use it to identify possible trend reversals for Siren Nasdaq 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 Siren Nasdaq price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Siren Nasdaq Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Siren Nasdaq NexGen applied against its price change over selected period. The best fit line has a slop of 0.07 , which means Siren Nasdaq NexGen will continue generating value for investors. It has 122 observation points and a regression sum of squares at 196.78, which is the sum of squared deviations for the predicted Siren Nasdaq price change compared to its average price change.About Siren Nasdaq 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 Siren Nasdaq NexGen 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 Siren Nasdaq NexGen based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Siren Nasdaq NexGen price pattern first instead of the macroeconomic environment surrounding Siren Nasdaq NexGen. By analyzing Siren Nasdaq'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 Siren Nasdaq'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 Siren Nasdaq specific price patterns or momentum indicators. Please read more on our technical analysis page.
Siren Nasdaq April 19, 2024 Technical Indicators
Most technical analysis of Siren 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 Siren from various momentum indicators to cycle indicators. When you analyze Siren 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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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0509 | |||
| Market Risk Adjusted Performance | 0.1064 | |||
| Mean Deviation | 1.76 | |||
| Semi Deviation | 1.73 | |||
| Downside Deviation | 1.88 | |||
| Coefficient Of Variation | 1413.22 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.76 | |||
| Information Ratio | 0.0393 | |||
| Jensen Alpha | 0.0566 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0457 | |||
| Treynor Ratio | 0.0964 | |||
| Maximum Drawdown | 9.86 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.99 | |||
| Downside Variance | 3.53 | |||
| Semi Variance | 2.98 | |||
| Expected Short fall | (1.97) | |||
| Skewness | 0.5268 | |||
| Kurtosis | (0.1) |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Siren Nasdaq NexGen. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Siren Nasdaq NexGen information on this page should be used as a complementary analysis to other Siren Nasdaq's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Siren Nasdaq NexGen is measured differently than its book value, which is the value of Siren that is recorded on the company's balance sheet. Investors also form their own opinion of Siren Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Siren Nasdaq'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 Siren Nasdaq's market value can be influenced by many factors that don't directly affect Siren Nasdaq'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 Siren Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siren Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siren Nasdaq'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.