Elite Material (Taiwan) Statistic Functions Beta

2383 Stock  TWD 478.00  4.00  0.83%   
Elite Material statistic functions tool provides the execution environment for running the Beta function and other technical functions against Elite Material. Elite Material 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. Elite Material 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.

Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Elite Material correlated with the market. If Beta is less than 0 Elite Material generally moves in the opposite direction as compared to the market. If Elite Material Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elite Material is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elite Material is generally in the same direction as the market. If Beta > 1 Elite Material moves generally in the same direction as, but more than the movement of the benchmark.

Elite Material Technical Analysis Modules

Most technical analysis of Elite Material 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 Elite from various momentum indicators to cycle indicators. When you analyze Elite 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 Elite Material 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 Elite Material Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elite Material Co based on widely used predictive technical indicators. In general, we focus on analyzing Elite Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elite Material'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 Elite Material's intrinsic value. In addition to deriving basic predictive indicators for Elite Material, we also check how macroeconomic factors affect Elite Material price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
475.24478.00480.76
Details
Intrinsic
Valuation
LowRealHigh
390.05392.81525.80
Details

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Additional Tools for Elite Stock Analysis

When running Elite Material's price analysis, check to measure Elite Material's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.