Basic Materials statistic functions tool provides the execution environment for running the Beta function and other technical functions against Basic Materials. Basic Materials 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. Basic Materials 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 Basic Materials correlated with the market. If Beta is less than 0 Basic Materials generally moves in the opposite direction as compared to the market. If Basic Materials Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Basic Materials is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Basic Materials is generally in the same direction as the market. If Beta > 1 Basic Materials moves generally in the same direction as, but more than the movement of the benchmark.
Basic Materials Technical Analysis Modules
Most technical analysis of Basic Materials 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 Basic from various momentum indicators to cycle indicators. When you analyze Basic 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.
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