21Shares Ripple (Switzerland) Technical Analysis
| AXRP Etf | CHF 13.13 0.38 2.98% |
As of the 20th of April, 21Shares Ripple shows the mean deviation of 3.22, and Coefficient Of Variation of 198990.58. Our technical analysis interface gives you tools to check timely technical drivers of 21Shares Ripple XRP, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for 21Shares Ripple XRP, which can be compared to its peers. Please confirm 21Shares Ripple XRP jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if 21Shares Ripple XRP is priced more or less accurately, providing market reflects its regular price of 13.13 per share.
21Shares Ripple Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as 21Shares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to 21Shares21Shares |
21Shares Ripple 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.
21Shares Ripple XRP 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 21Shares Ripple XRP volatility. High ATR values indicate high volatility, and low values indicate low volatility.
21Shares Ripple XRP Trend Analysis
Use this graph to draw trend lines for 21Shares Ripple XRP. You can use it to identify possible trend reversals for 21Shares Ripple 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 21Shares Ripple price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.21Shares Ripple Best Fit Change Line
The following chart estimates an ordinary least squares regression model for 21Shares Ripple XRP applied against its price change over selected period. The best fit line has a slop of 0.05 , which means 21Shares Ripple XRP will continue generating value for investors. It has 122 observation points and a regression sum of squares at 77.74, which is the sum of squared deviations for the predicted 21Shares Ripple price change compared to its average price change.About 21Shares Ripple 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 21Shares Ripple XRP 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 21Shares Ripple XRP based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on 21Shares Ripple XRP price pattern first instead of the macroeconomic environment surrounding 21Shares Ripple XRP. By analyzing 21Shares Ripple'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 21Shares Ripple'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 21Shares Ripple specific price patterns or momentum indicators. Please read more on our technical analysis page.
21Shares Ripple April 20, 2024 Technical Indicators
Most technical analysis of 21Shares 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 21Shares from various momentum indicators to cycle indicators. When you analyze 21Shares 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 | 0.0091 | |||
| Market Risk Adjusted Performance | 0.0028 | |||
| Mean Deviation | 3.22 | |||
| Semi Deviation | 5.05 | |||
| Downside Deviation | 5.51 | |||
| Coefficient Of Variation | 198990.58 | |||
| Standard Deviation | 4.87 | |||
| Variance | 23.72 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 29.93 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 7.66 | |||
| Downside Variance | 30.38 | |||
| Semi Variance | 25.47 | |||
| Expected Short fall | (3.13) | |||
| Skewness | (0.1) | |||
| Kurtosis | 3.11 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 21Shares Ripple XRP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Please note, there is a significant difference between 21Shares Ripple's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Ripple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Ripple'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.