Xero (Australia) Statistic Functions Beta

XRO Stock   174.50  1.58  0.91%   
Xero statistic functions tool provides the execution environment for running the Beta function and other technical functions against Xero. Xero 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. Xero 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Xero correlated with the market. If Beta is less than 0 Xero generally moves in the opposite direction as compared to the market. If Xero Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Xero is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Xero is generally in the same direction as the market. If Beta > 1 Xero moves generally in the same direction as, but more than the movement of the benchmark.

Xero Technical Analysis Modules

Most technical analysis of Xero 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 Xero from various momentum indicators to cycle indicators. When you analyze Xero 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 Xero 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 Xero. We use our internally-developed statistical techniques to arrive at the intrinsic value of Xero based on widely used predictive technical indicators. In general, we focus on analyzing Xero Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Xero'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 Xero's intrinsic value. In addition to deriving basic predictive indicators for Xero, we also check how macroeconomic factors affect Xero price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
172.69174.13175.57
Details
Intrinsic
Valuation
LowRealHigh
141.88143.32191.95
Details
Naive
Forecast
LowNextHigh
175.52176.97178.41
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.220.250.26
Details

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In addition to having Xero in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Xero Stock Analysis

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