Eidesvik Offshore (Norway) Statistic Functions Beta

EIOF Stock  NOK 13.22  0.10  0.75%   
Eidesvik Offshore statistic functions tool provides the execution environment for running the Beta function and other technical functions against Eidesvik Offshore. Eidesvik Offshore 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. Eidesvik Offshore 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 thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Eidesvik Offshore ASA correlated with the market. If Beta is less than 0 Eidesvik Offshore generally moves in the opposite direction as compared to the market. If Eidesvik Offshore Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Eidesvik Offshore ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Eidesvik Offshore is generally in the same direction as the market. If Beta > 1 Eidesvik Offshore moves generally in the same direction as, but more than the movement of the benchmark.

Eidesvik Offshore Technical Analysis Modules

Most technical analysis of Eidesvik Offshore 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 Eidesvik from various momentum indicators to cycle indicators. When you analyze Eidesvik 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 Eidesvik Offshore 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 Eidesvik Offshore ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Eidesvik Offshore ASA based on widely used predictive technical indicators. In general, we focus on analyzing Eidesvik Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Eidesvik Offshore'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 Eidesvik Offshore's intrinsic value. In addition to deriving basic predictive indicators for Eidesvik Offshore, we also check how macroeconomic factors affect Eidesvik Offshore price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
11.1713.2215.27
Details
Intrinsic
Valuation
LowRealHigh
9.6311.6813.73
Details
Naive
Forecast
LowNextHigh
10.6712.7114.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.0313.5714.12
Details

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Other Information on Investing in Eidesvik Stock

Eidesvik Offshore financial ratios help investors to determine whether Eidesvik 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 Eidesvik with respect to the benefits of owning Eidesvik Offshore security.