Footway Group (Sweden) Statistic Functions Beta

FOOT-PREF  SEK 32.00  2.80  9.59%   
Footway Group statistic functions tool provides the execution environment for running the Beta function and other technical functions against Footway Group. Footway Group 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. Footway Group 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 Footway Group AB correlated with the market. If Beta is less than 0 Footway Group generally moves in the opposite direction as compared to the market. If Footway Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Footway Group AB is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Footway Group is generally in the same direction as the market. If Beta > 1 Footway Group moves generally in the same direction as, but more than the movement of the benchmark.

Footway Group Technical Analysis Modules

Most technical analysis of Footway Group 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 Footway from various momentum indicators to cycle indicators. When you analyze Footway 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 Footway Group 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 Footway Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Footway Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Footway Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Footway Group'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 Footway Group's intrinsic value. In addition to deriving basic predictive indicators for Footway Group, we also check how macroeconomic factors affect Footway Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
25.1932.0038.81
Details
Intrinsic
Valuation
LowRealHigh
21.7528.5635.37
Details
Naive
Forecast
LowNextHigh
22.2329.0535.86
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.0032.0032.00
Details

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Additional Tools for Footway Stock Analysis

When running Footway Group's price analysis, check to measure Footway Group'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 Footway Group is operating at the current time. Most of Footway Group's value examination focuses on studying past and present price action to predict the probability of Footway Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Footway Group's price. Additionally, you may evaluate how the addition of Footway Group to your portfolios can decrease your overall portfolio volatility.