ITM Power Plc Pink Sheet Statistic Functions Beta

ITMPF Pink Sheet  USD 2.25  0.13  6.13%   
The Beta function reading for ITM Power quantifies statistical properties of ITM Power's price series including linear regression, standard deviation, and correlation measures over the selected time horizon. Provide Time Period to generate the indicator output.

This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on ITM Power Plc correlated with the market. If Beta is less than 0 ITM Power generally moves in the opposite direction as compared to the market. If ITM Power Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ITM Power Plc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ITM Power is generally in the same direction as the market. If Beta > 1 ITM Power moves generally in the same direction as, but more than the movement of the benchmark.

ITM Power Technical Analysis Modules

ITM Power technical analysis translates raw market data into actionable signals by measuring momentum, volatility, and price structure. The broader market regime is relevant when interpreting ITM Power technical signals, as sector-wide moves can dominate individual patterns.

Technical Indicator Methodology & Signal Interpretation

Statistical functions applied to ITM Power's price data quantify trend strength, dispersion, and correlation properties. The indicator's behavior during different market regimes provides context for current readings. ITM Power has a market cap of 771.1 million, ROE of -33.71%.

Reported values for ITM Power Plc are derived from periodic company reporting and market reference feeds and standardized for analysis.

Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board