Erdene Resource Development Stock Statistic Functions Linear Regression Slope

ERD Stock  CAD 0.59  0.01  1.67%   
Erdene Resource statistic functions tool provides the execution environment for running the Linear Regression Slope function and other technical functions against Erdene Resource. Erdene Resource 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 Linear Regression Slope function function is designed to identify and follow existing trends. Erdene Resource 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.

Execute Function
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Linear Regression Slope is the rate of change in Erdene Resource Deve price series over its benchmark or peer price series.

Erdene Resource Technical Analysis Modules

Most technical analysis of Erdene Resource 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 Erdene from various momentum indicators to cycle indicators. When you analyze Erdene 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 Erdene Resource 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 Erdene Resource Development. We use our internally-developed statistical techniques to arrive at the intrinsic value of Erdene Resource Development based on widely used predictive technical indicators. In general, we focus on analyzing Erdene Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Erdene Resource'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 Erdene Resource's intrinsic value. In addition to deriving basic predictive indicators for Erdene Resource, we also check how macroeconomic factors affect Erdene Resource price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Days Sales Outstanding115.47109.69
PTB Ratio2.092.5
Hype
Prediction
LowEstimatedHigh
0.030.624.47
Details
Intrinsic
Valuation
LowRealHigh
0.030.514.36
Details

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Other Information on Investing in Erdene Stock

Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.