Eurofins Scientific (France) Statistic Functions Beta

ERF Stock  EUR 46.96  0.60  1.29%   
Eurofins Scientific statistic functions tool provides the execution environment for running the Beta function and other technical functions against Eurofins Scientific. Eurofins Scientific 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. Eurofins Scientific 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 thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Eurofins Scientific correlated with the market. If Beta is less than 0 Eurofins Scientific generally moves in the opposite direction as compared to the market. If Eurofins Scientific Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Eurofins Scientific is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Eurofins Scientific is generally in the same direction as the market. If Beta > 1 Eurofins Scientific moves generally in the same direction as, but more than the movement of the benchmark.

Eurofins Scientific Technical Analysis Modules

Most technical analysis of Eurofins Scientific 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 Eurofins from various momentum indicators to cycle indicators. When you analyze Eurofins 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 Eurofins Scientific 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 Eurofins Scientific SE. We use our internally-developed statistical techniques to arrive at the intrinsic value of Eurofins Scientific SE based on widely used predictive technical indicators. In general, we focus on analyzing Eurofins Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Eurofins Scientific'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 Eurofins Scientific's intrinsic value. In addition to deriving basic predictive indicators for Eurofins Scientific, we also check how macroeconomic factors affect Eurofins Scientific price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
44.8446.9649.08
Details
Intrinsic
Valuation
LowRealHigh
35.9238.0451.66
Details
Naive
Forecast
LowNextHigh
46.1848.2950.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
40.1649.1258.08
Details

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Other Information on Investing in Eurofins Stock

Eurofins Scientific financial ratios help investors to determine whether Eurofins 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 Eurofins with respect to the benefits of owning Eurofins Scientific security.