Absa Prudential (South Africa) Statistic Functions Beta

0P000182JS   4.36  0.03  0.68%   
Absa Prudential statistic functions tool provides the execution environment for running the Beta function and other technical functions against Absa Prudential. Absa Prudential 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. Absa Prudential 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Absa Prudential correlated with the market. If Beta is less than 0 Absa Prudential generally moves in the opposite direction as compared to the market. If Absa Prudential Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Absa Prudential is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Absa Prudential is generally in the same direction as the market. If Beta > 1 Absa Prudential moves generally in the same direction as, but more than the movement of the benchmark.

Absa Prudential Technical Analysis Modules

Most technical analysis of Absa Prudential 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 Absa from various momentum indicators to cycle indicators. When you analyze Absa 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.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Absa Prudential in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Absa Prudential's short interest history, or implied volatility extrapolated from Absa Prudential options trading.

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