ODIN Investments (Egypt) Statistic Functions Beta

ODIN Stock   2.06  0.14  7.29%   
ODIN Investments statistic functions tool provides the execution environment for running the Beta function and other technical functions against ODIN Investments. ODIN Investments 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. ODIN Investments 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 ODIN Investments correlated with the market. If Beta is less than 0 ODIN Investments generally moves in the opposite direction as compared to the market. If ODIN Investments Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ODIN Investments is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ODIN Investments is generally in the same direction as the market. If Beta > 1 ODIN Investments moves generally in the same direction as, but more than the movement of the benchmark.

ODIN Investments Technical Analysis Modules

Most technical analysis of ODIN Investments 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 ODIN from various momentum indicators to cycle indicators. When you analyze ODIN 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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