Basic Materials Ultrasector Fund Statistic Functions Beta

BMPIX Fund  USD 120.26  1.01  0.85%   
Basic Materials statistic functions tool provides the execution environment for running the Beta function and other technical functions against Basic Materials. Basic Materials 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. Basic Materials 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 Basic Materials Ultr correlated with the market. If Beta is less than 0 Basic Materials generally moves in the opposite direction as compared to the market. If Basic Materials Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Basic Materials Ultr is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Basic Materials is generally in the same direction as the market. If Beta > 1 Basic Materials moves generally in the same direction as, but more than the movement of the benchmark.

Basic Materials Technical Analysis Modules

Most technical analysis of Basic Materials 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 Basic from various momentum indicators to cycle indicators. When you analyze Basic 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 Basic Materials 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 Basic Materials Ultrasector. We use our internally-developed statistical techniques to arrive at the intrinsic value of Basic Materials Ultrasector based on widely used predictive technical indicators. In general, we focus on analyzing Basic Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Basic Materials'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 Basic Materials's intrinsic value. In addition to deriving basic predictive indicators for Basic Materials, we also check how macroeconomic factors affect Basic Materials price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
119.01120.26121.51
Details
Intrinsic
Valuation
LowRealHigh
119.02120.27121.52
Details
Naive
Forecast
LowNextHigh
117.79119.03120.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
118.97119.92120.88
Details

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Other Information on Investing in Basic Mutual Fund

Basic Materials financial ratios help investors to determine whether Basic Mutual Fund 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 Basic with respect to the benefits of owning Basic Materials security.
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