ANZ Group (Australia) Statistic Functions Beta

AN3PK Stock   103.80  0.10  0.1%   
ANZ Group statistic functions tool provides the execution environment for running the Beta function and other technical functions against ANZ Group. ANZ Group 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. ANZ Group 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 four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on ANZ Group Holdings correlated with the market. If Beta is less than 0 ANZ Group generally moves in the opposite direction as compared to the market. If ANZ Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ANZ Group Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ANZ Group is generally in the same direction as the market. If Beta > 1 ANZ Group moves generally in the same direction as, but more than the movement of the benchmark.

ANZ Group Technical Analysis Modules

Most technical analysis of ANZ Group 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 ANZ from various momentum indicators to cycle indicators. When you analyze ANZ 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 ANZ Group 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 ANZ Group Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of ANZ Group Holdings based on widely used predictive technical indicators. In general, we focus on analyzing ANZ Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ANZ Group'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 ANZ Group's intrinsic value. In addition to deriving basic predictive indicators for ANZ Group, we also check how macroeconomic factors affect ANZ Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
103.56103.80104.04
Details
Intrinsic
Valuation
LowRealHigh
101.14101.38114.18
Details
Naive
Forecast
LowNextHigh
104.25104.49104.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
103.11103.77104.43
Details

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Other Information on Investing in ANZ Stock

ANZ Group financial ratios help investors to determine whether ANZ Stock 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 ANZ with respect to the benefits of owning ANZ Group security.