Ocean Park International Etf Technical Analysis
DUKX Etf | 24.73 0.06 0.24% |
As of the 21st of November, Ocean Park holds the Variance of 0.8023, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,644). Ocean Park International technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the etf's future prices.
Ocean Park Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ocean, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OceanOcean |
Ocean Park 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.
Ocean Park International Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 Ocean Park International volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ocean Park International Trend Analysis
Use this graph to draw trend lines for Ocean Park International. You can use it to identify possible trend reversals for Ocean Park 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 Ocean Park price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ocean Park Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ocean Park International applied against its price change over selected period. The best fit line has a slop of 0.0051 , which may suggest that Ocean Park International market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.97, which is the sum of squared deviations for the predicted Ocean Park price change compared to its average price change.About Ocean Park 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 Ocean Park International 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 Ocean Park International based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Ocean Park International price pattern first instead of the macroeconomic environment surrounding Ocean Park International. By analyzing Ocean Park'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 Ocean Park'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 Ocean Park specific price patterns or momentum indicators. Please read more on our technical analysis page.
Ocean Park November 21, 2024 Technical Indicators
Most technical analysis of Ocean 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 Ocean from various momentum indicators to cycle indicators. When you analyze Ocean 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 | (0.02) | |||
Market Risk Adjusted Performance | (0.06) | |||
Mean Deviation | 0.6751 | |||
Coefficient Of Variation | (3,644) | |||
Standard Deviation | 0.8957 | |||
Variance | 0.8023 | |||
Information Ratio | (0.13) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.14) | |||
Treynor Ratio | (0.07) | |||
Maximum Drawdown | 4.4 | |||
Value At Risk | (1.61) | |||
Potential Upside | 1.83 | |||
Skewness | 0.4759 | |||
Kurtosis | 0.6623 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ocean Park International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of Ocean Park International is measured differently than its book value, which is the value of Ocean that is recorded on the company's balance sheet. Investors also form their own opinion of Ocean Park's value that differs from its market value or its book value, called intrinsic value, which is Ocean Park'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 Ocean Park's market value can be influenced by many factors that don't directly affect Ocean Park'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 Ocean Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocean Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocean Park'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.