Major Drilling (Germany) Statistic Functions Beta
| 3MJ Stock | EUR 5.65 0.15 2.59% |
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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 Major Drilling Group correlated with the market. If Beta is less than 0 Major Drilling generally moves in the opposite direction as compared to the market. If Major Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Major Drilling Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Major Drilling is generally in the same direction as the market. If Beta > 1 Major Drilling moves generally in the same direction as, but more than the movement of the benchmark.
Major Drilling Technical Analysis Modules
Most technical analysis of Major Drilling 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 Major from various momentum indicators to cycle indicators. When you analyze Major 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.| Cycle Indicators | ||
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About Major Drilling 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 Major Drilling Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Major Drilling Group based on widely used predictive technical indicators. In general, we focus on analyzing Major Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Major Drilling'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 Major Drilling's intrinsic value. In addition to deriving basic predictive indicators for Major Drilling, we also check how macroeconomic factors affect Major Drilling price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major 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 Major with respect to the benefits of owning Major Drilling security.