TRANSCANADA PIPELINES LTD Statistic Functions Beta

89352HAZ2   93.08  2.97  3.09%   
TRANSCANADA statistic functions tool provides the execution environment for running the Beta function and other technical functions against TRANSCANADA. TRANSCANADA 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. TRANSCANADA 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on TRANSCANADA PIPELINES LTD correlated with the market. If Beta is less than 0 TRANSCANADA generally moves in the opposite direction as compared to the market. If TRANSCANADA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one TRANSCANADA PIPELINES LTD is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of TRANSCANADA is generally in the same direction as the market. If Beta > 1 TRANSCANADA moves generally in the same direction as, but more than the movement of the benchmark.

TRANSCANADA Technical Analysis Modules

Most technical analysis of TRANSCANADA 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 TRANSCANADA from various momentum indicators to cycle indicators. When you analyze TRANSCANADA 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 TRANSCANADA 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 TRANSCANADA PIPELINES LTD. We use our internally-developed statistical techniques to arrive at the intrinsic value of TRANSCANADA PIPELINES LTD based on widely used predictive technical indicators. In general, we focus on analyzing TRANSCANADA Bond price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build TRANSCANADA'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 TRANSCANADA's intrinsic value. In addition to deriving basic predictive indicators for TRANSCANADA, we also check how macroeconomic factors affect TRANSCANADA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
91.8593.0894.31
Details
Intrinsic
Valuation
LowRealHigh
75.4876.71102.39
Details
Naive
Forecast
LowNextHigh
91.7392.9794.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
83.3393.65103.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TRANSCANADA. Your research has to be compared to or analyzed against TRANSCANADA's peers to derive any actionable benefits. When done correctly, TRANSCANADA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in TRANSCANADA PIPELINES LTD.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Other Information on Investing in TRANSCANADA Bond

TRANSCANADA financial ratios help investors to determine whether TRANSCANADA Bond 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 TRANSCANADA with respect to the benefits of owning TRANSCANADA security.