Avanos Medical (Germany) Statistic Functions Beta

8HH Stock   17.50  0.60  3.55%   
Avanos Medical statistic functions tool provides the execution environment for running the Beta function and other technical functions against Avanos Medical. Avanos Medical value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Avanos Medical statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Avanos Medical correlated with the market. If Beta is less than 0 Avanos Medical generally moves in the opposite direction as compared to the market. If Avanos Medical Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Avanos Medical is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Avanos Medical is generally in the same direction as the market. If Beta > 1 Avanos Medical moves generally in the same direction as, but more than the movement of the benchmark.

Avanos Medical Technical Analysis Modules

Most technical analysis of Avanos Medical 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 Avanos from various momentum indicators to cycle indicators. When you analyze Avanos charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Avanos Medical Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Avanos Medical. We use our internally-developed statistical techniques to arrive at the intrinsic value of Avanos Medical based on widely used predictive technical indicators. In general, we focus on analyzing Avanos Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Avanos Medical's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Avanos Medical's intrinsic value. In addition to deriving basic predictive indicators for Avanos Medical, we also check how macroeconomic factors affect Avanos Medical price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avanos Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
14.6517.5020.35
Details
Intrinsic
Valuation
LowRealHigh
15.4818.3221.18
Details
Naive
Forecast
LowNextHigh
14.5217.3820.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.7317.3017.87
Details

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Additional Tools for Avanos Stock Analysis

When running Avanos Medical's price analysis, check to measure Avanos Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avanos Medical is operating at the current time. Most of Avanos Medical's value examination focuses on studying past and present price action to predict the probability of Avanos Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanos Medical's price. Additionally, you may evaluate how the addition of Avanos Medical to your portfolios can decrease your overall portfolio volatility.