Yieldmax Magnificent 7 Etf Technical Analysis
| YMAG Etf | 19.37 0.18 0.94% |
As of the 1st of December, YieldMax Magnificent maintains the Downside Deviation of 1.28, mean deviation of 0.791, and Market Risk Adjusted Performance of 0.2558. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of YieldMax Magnificent 7, as well as the relationship between them. Please check out YieldMax Magnificent information ratio, as well as the relationship between the value at risk and expected short fall to decide if YieldMax Magnificent is priced fairly, providing market reflects its latest price of 19.37 per share.
YieldMax Magnificent Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as YieldMax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to YieldMaxYieldMax |
YieldMax Magnificent 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.
YieldMax Magnificent Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 YieldMax Magnificent volatility. High ATR values indicate high volatility, and low values indicate low volatility.
YieldMax Magnificent Trend Analysis
Use this graph to draw trend lines for YieldMax Magnificent 7. You can use it to identify possible trend reversals for YieldMax Magnificent 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 YieldMax Magnificent price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.YieldMax Magnificent Best Fit Change Line
The following chart estimates an ordinary least squares regression model for YieldMax Magnificent 7 applied against its price change over selected period. The best fit line has a slop of 0.04 , which means YieldMax Magnificent 7 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 64.76, which is the sum of squared deviations for the predicted YieldMax Magnificent price change compared to its average price change.About YieldMax Magnificent 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 YieldMax Magnificent 7 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 YieldMax Magnificent 7 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on YieldMax Magnificent price pattern first instead of the macroeconomic environment surrounding YieldMax Magnificent. By analyzing YieldMax Magnificent'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 YieldMax Magnificent'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 YieldMax Magnificent specific price patterns or momentum indicators. Please read more on our technical analysis page.
YieldMax Magnificent December 1, 2024 Technical Indicators
Most technical analysis of YieldMax 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 YieldMax from various momentum indicators to cycle indicators. When you analyze YieldMax 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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| Volume Indicators |
| Risk Adjusted Performance | 0.1434 | |||
| Market Risk Adjusted Performance | 0.2558 | |||
| Mean Deviation | 0.791 | |||
| Semi Deviation | 0.9838 | |||
| Downside Deviation | 1.28 | |||
| Coefficient Of Variation | 544.35 | |||
| Standard Deviation | 1.08 | |||
| Variance | 1.18 | |||
| Information Ratio | 0.0569 | |||
| Jensen Alpha | 0.091 | |||
| Total Risk Alpha | 0.0082 | |||
| Sortino Ratio | 0.048 | |||
| Treynor Ratio | 0.2458 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.67 | |||
| Downside Variance | 1.65 | |||
| Semi Variance | 0.9679 | |||
| Expected Short fall | (0.82) | |||
| Skewness | (0.77) | |||
| Kurtosis | 1.7 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YieldMax Magnificent 7. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of YieldMax Magnificent is measured differently than its book value, which is the value of YieldMax that is recorded on the company's balance sheet. Investors also form their own opinion of YieldMax Magnificent's value that differs from its market value or its book value, called intrinsic value, which is YieldMax Magnificent'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 YieldMax Magnificent's market value can be influenced by many factors that don't directly affect YieldMax Magnificent'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 YieldMax Magnificent's value and its price as these two are different measures arrived at by different means. Investors typically determine if YieldMax Magnificent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YieldMax Magnificent'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.