Sumitomo Rubber (Germany) Statistic Functions Beta

108 Stock  EUR 10.50  0.10  0.96%   
Sumitomo Rubber statistic functions tool provides the execution environment for running the Beta function and other technical functions against Sumitomo Rubber. Sumitomo Rubber 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. Sumitomo Rubber 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 Sumitomo Rubber Indu correlated with the market. If Beta is less than 0 Sumitomo Rubber generally moves in the opposite direction as compared to the market. If Sumitomo Rubber Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Sumitomo Rubber Indu is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Sumitomo Rubber is generally in the same direction as the market. If Beta > 1 Sumitomo Rubber moves generally in the same direction as, but more than the movement of the benchmark.

Sumitomo Rubber Technical Analysis Modules

Most technical analysis of Sumitomo Rubber 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 Sumitomo from various momentum indicators to cycle indicators. When you analyze Sumitomo 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 Sumitomo Rubber 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 Sumitomo Rubber Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sumitomo Rubber Industries based on widely used predictive technical indicators. In general, we focus on analyzing Sumitomo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sumitomo Rubber'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 Sumitomo Rubber's intrinsic value. In addition to deriving basic predictive indicators for Sumitomo Rubber, we also check how macroeconomic factors affect Sumitomo Rubber price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
8.2210.5012.78
Details
Intrinsic
Valuation
LowRealHigh
7.7710.0512.33
Details
Naive
Forecast
LowNextHigh
8.3310.6012.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.239.4210.62
Details

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Other Information on Investing in Sumitomo Stock

Sumitomo Rubber financial ratios help investors to determine whether Sumitomo 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 Sumitomo with respect to the benefits of owning Sumitomo Rubber security.