Clearview Wealth

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Ulcer Index

Score

-2.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 98.2 0.00% 0.00% 0.0% -11.7% -58.4%
SHORT 5 27.0 0.60% 1.00% 6.2% -0.5% 17.1%

Summary

Technical Analysis

Clearview Wealth (CVW.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.67
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Clearview Wealth (ASX:CVW) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 12.208.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Clearview Wealth (CVW.AX)


Stock Exchange: ASX
Company: Clearview Wealth
Ticker Codes: | CVW.AX | ASX:CVW |

About Clearview Wealth (ASX:CVW):

ClearView Wealth Limited provides life insurance, wealth management, and financial advisory solutions in Australia. Its Life Insurance segment provides life insurance products, including term life, permanent disability, trauma and critical illness benefits, parent cover, child cover, accident covers, income protection, and business expense covers through financial advisers, third parties, and external advisers; and non-advice life protection products, such as term life, accidental death, injury covers, trauma and critical illness, and funeral insurance through direct marketing, telemarketing, call center referrals or online. The company's Wealth Management segment offers life investment contracts, including ordinary savings, superannuation, and allocated pension products; superannuation and retirement income wraps, and investor directed portfolio service wraps; and managed investment schemes. Its Financial Advice segment provides financial advisory and dealer group services to self-employed financial advisers. ClearView Wealth Limited was founded in 1976 and is headquartered in Sydney, Australia.

Top 10:

Ulcer Index

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Company Close Change(%) Volume Value Signal
ONE Oneview Healthcare 0.29 11.8 184,305 3.5 BULLISH
MXI Maxitra Industries 0.33 8.2 24,282 0.03 BULLISH
SLR Silver Lake Resources 1.45 8.2 9,252,383 1.91 BULLISH
RSG Resolute Mining 1.74 7.1 9,161,059 3.09 BULLISH
PRU Perseus Mining 0.71 6.8 12,414,565 1.92 BULLISH
AQG Alacer Gold Corp 5.42 6.3 936,317 0 BULLISH
NST Northern Star Resources 13.47 6 4,840,454 1.8 BULLISH
OMH OM Holdings 0.86 5.5 28,581 4.26 BULLISH
WAF West African Resources 0.39 5.4 3,897,020 4.87 BULLISH
AJM Altura Mining 0.11 4.8 879,399 3.26 BULLISH