Elis SA (France) Statistic Functions Beta

ELIS Stock  EUR 19.20  0.12  0.62%   
Elis SA statistic functions tool provides the execution environment for running the Beta function and other technical functions against Elis SA. Elis SA 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. Elis SA 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Elis SA correlated with the market. If Beta is less than 0 Elis SA generally moves in the opposite direction as compared to the market. If Elis SA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elis SA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elis SA is generally in the same direction as the market. If Beta > 1 Elis SA moves generally in the same direction as, but more than the movement of the benchmark.

Elis SA Technical Analysis Modules

Most technical analysis of Elis SA 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 Elis from various momentum indicators to cycle indicators. When you analyze Elis 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 Elis SA 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 Elis SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elis SA based on widely used predictive technical indicators. In general, we focus on analyzing Elis Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elis SA'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 Elis SA's intrinsic value. In addition to deriving basic predictive indicators for Elis SA, we also check how macroeconomic factors affect Elis SA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
16.4119.2021.99
Details
Intrinsic
Valuation
LowRealHigh
17.1519.9422.73
Details
Naive
Forecast
LowNextHigh
15.3418.1320.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.9319.5620.18
Details

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Other Information on Investing in Elis Stock

Elis SA financial ratios help investors to determine whether Elis 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 Elis with respect to the benefits of owning Elis SA security.