Opthea Stock Statistic Functions Beta
| CKDXF Stock | USD 0.44 0.00 0.00% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Opthea correlated with the market. If Beta is less than 0 Opthea generally moves in the opposite direction as compared to the market. If Opthea Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Opthea is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Opthea is generally in the same direction as the market. If Beta > 1 Opthea moves generally in the same direction as, but more than the movement of the benchmark.
Opthea Technical Analysis Modules
Most technical analysis of Opthea 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 Opthea from various momentum indicators to cycle indicators. When you analyze Opthea 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.| Cycle Indicators | ||
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About Opthea 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 Opthea. We use our internally-developed statistical techniques to arrive at the intrinsic value of Opthea based on widely used predictive technical indicators. In general, we focus on analyzing Opthea Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Opthea'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 Opthea's intrinsic value. In addition to deriving basic predictive indicators for Opthea, we also check how macroeconomic factors affect Opthea 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 Opthea'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.
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Additional Information and Resources on Investing in Opthea Pink Sheet
When determining whether Opthea is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opthea Pink Sheet is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opthea Stock. Highlighted below are key reports to facilitate an investment decision about Opthea Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Opthea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more detail on how to invest in Opthea Pink Sheet please use our How to Invest in Opthea guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.