Chix Etf Technical Analysis
| CHIX Etf | USD 11.72 0.15 1.30% |
As of the 30th of December, CHIX shows the Risk Adjusted Performance of (0.05), coefficient of variation of (1,528), and Mean Deviation of 1.1. CHIX 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.
CHIX Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CHIX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CHIXCHIX |
CHIX 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.
CHIX Technical Analysis
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CHIX Trend Analysis
Use this graph to draw trend lines for CHIX. You can use it to identify possible trend reversals for CHIX 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 CHIX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CHIX Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CHIX applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that CHIX market price will keep on failing further. It has 122 observation points and a regression sum of squares at 21.47, which is the sum of squared deviations for the predicted CHIX price change compared to its average price change.About CHIX 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 CHIX 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 CHIX based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on CHIX price pattern first instead of the macroeconomic environment surrounding CHIX. By analyzing CHIX'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 CHIX'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 CHIX specific price patterns or momentum indicators. Please read more on our technical analysis page.
CHIX December 30, 2024 Technical Indicators
Most technical analysis of CHIX 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 CHIX from various momentum indicators to cycle indicators. When you analyze CHIX 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 | (0.05) | |||
| Market Risk Adjusted Performance | 1.05 | |||
| Mean Deviation | 1.1 | |||
| Coefficient Of Variation | (1,528) | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.22 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.04 | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.11 | |||
| Skewness | 0.7404 | |||
| Kurtosis | 1.79 |
CHIX One Year Return
Based on the recorded statements, CHIX has an One Year Return of -9.4%. This is 98.31% higher than that of the Global X Funds family and significantly lower than that of the China Region category. The one year return for all United States etfs is notably higher than that of the company.
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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of CHIX is measured differently than its book value, which is the value of CHIX that is recorded on the company's balance sheet. Investors also form their own opinion of CHIX's value that differs from its market value or its book value, called intrinsic value, which is CHIX'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 CHIX's market value can be influenced by many factors that don't directly affect CHIX'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 CHIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIX'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.