Select Sector (Mexico) Technical Analysis
| XLI Etf | MXN 2,980 63.66 2.18% |
As of the 1st of December, Select Sector has the Semi Deviation of 0.7109, coefficient of variation of 562.03, and Risk Adjusted Performance of 0.1412. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Select Sector, as well as the relationship between them.
Select Sector Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Select, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SelectSelect |
Select Sector 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.
Select Sector Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Select Sector volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Select Sector Trend Analysis
Use this graph to draw trend lines for The Select Sector. You can use it to identify possible trend reversals for Select Sector 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 Select Sector price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Select Sector Best Fit Change Line
The following chart estimates an ordinary least squares regression model for The Select Sector applied against its price change over selected period. The best fit line has a slop of 7.34 , which means The Select Sector will continue producing value for investors. It has 122 observation points and a regression sum of squares at 2039997.23, which is the sum of squared deviations for the predicted Select Sector price change compared to its average price change.About Select Sector 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 The Select Sector 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 The Select Sector based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Select Sector price pattern first instead of the macroeconomic environment surrounding Select Sector. By analyzing Select Sector'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 Select Sector'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 Select Sector specific price patterns or momentum indicators. Please read more on our technical analysis page.
Select Sector December 1, 2024 Technical Indicators
Most technical analysis of Select 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 Select from various momentum indicators to cycle indicators. When you analyze Select 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 | 0.1412 | |||
| Market Risk Adjusted Performance | (4.99) | |||
| Mean Deviation | 1.0 | |||
| Semi Deviation | 0.7109 | |||
| Downside Deviation | 1.57 | |||
| Coefficient Of Variation | 562.03 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.51 | |||
| Information Ratio | 0.0911 | |||
| Jensen Alpha | 0.2789 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | 0.0917 | |||
| Treynor Ratio | (5.00) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 3.89 | |||
| Downside Variance | 2.48 | |||
| Semi Variance | 0.5054 | |||
| Expected Short fall | (1.76) | |||
| Skewness | 1.3 | |||
| Kurtosis | 3.11 |
Select Sector One Year Return
Based on the recorded statements, The Select Sector has an One Year Return of 10.4%. This is 34.02% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the One Year Return category. The one year return for all Mexico etfs 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.Other Information on Investing in Select Etf
Select Sector financial ratios help investors to determine whether Select Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Select with respect to the benefits of owning Select Sector security.