Ridgewood Canadian Investment Fund Technical Analysis
| RIB-UN Fund | CAD 12.85 0.02 0.16% |
As of the 18th of April 2024, Ridgewood Canadian holds the Risk Adjusted Performance of 0.0103, coefficient of variation of 7841.89, and Semi Deviation of 0.7692. Our technical analysis interface allows you to check existing technical drivers of Ridgewood Canadian, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for Ridgewood Canadian, which can be compared to its competitors. Please check Ridgewood Canadian standard deviation and the relationship between the jensen alpha and semi variancestandard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Ridgewood Canadian is priced some-what accurately, providing market reflects its current price of 12.85 per share.
Ridgewood Canadian Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ridgewood, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RidgewoodRidgewood |
Ridgewood Canadian technical 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.
Ridgewood Canadian Technical Analysis
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Ridgewood Canadian Trend Analysis
Use this graph to draw trend lines for Ridgewood Canadian Investment. You can use it to identify possible trend reversals for Ridgewood Canadian 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 Ridgewood Canadian price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ridgewood Canadian Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ridgewood Canadian Investment applied against its price change over selected period. The best fit line has a slop of 0.0066 , which may suggest that Ridgewood Canadian Investment market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.65, which is the sum of squared deviations for the predicted Ridgewood Canadian price change compared to its average price change.About Ridgewood Canadian 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 Ridgewood Canadian Investment 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 Ridgewood Canadian Investment based on its technical analysis. In general, a bottom-up approach, as applied to this fund, focuses on Ridgewood Canadian price pattern first instead of the macroeconomic environment surrounding Ridgewood Canadian. By analyzing Ridgewood Canadian'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 Ridgewood Canadian'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 Ridgewood Canadian specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ridgewood Canadian April 18, 2024 Technical Indicators
Most technical analysis of Ridgewood 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 Ridgewood from various momentum indicators to cycle indicators. When you analyze Ridgewood 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 | 0.0103 | |||
| Market Risk Adjusted Performance | 0.0085 | |||
| Mean Deviation | 0.5297 | |||
| Semi Deviation | 0.7692 | |||
| Downside Deviation | 0.9976 | |||
| Coefficient Of Variation | 7841.89 | |||
| Standard Deviation | 0.8106 | |||
| Variance | 0.6571 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.45 | |||
| Downside Variance | 0.9951 | |||
| Semi Variance | 0.5917 | |||
| Expected Short fall | (0.66) | |||
| Skewness | (0.57) | |||
| Kurtosis | 3.02 |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Please note, there is a significant difference between Ridgewood Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ridgewood Canadian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ridgewood Canadian'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.