Pointsbet Holdings Limited Stock Statistic Functions Beta

PBTHF Stock  USD 0.61  0.02  3.39%   
PointsBet Holdings statistic functions tool provides the execution environment for running the Beta function and other technical functions against PointsBet Holdings. PointsBet Holdings 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. PointsBet Holdings 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 PointsBet Holdings correlated with the market. If Beta is less than 0 PointsBet Holdings generally moves in the opposite direction as compared to the market. If PointsBet Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PointsBet Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PointsBet Holdings is generally in the same direction as the market. If Beta > 1 PointsBet Holdings moves generally in the same direction as, but more than the movement of the benchmark.

PointsBet Holdings Technical Analysis Modules

Most technical analysis of PointsBet Holdings 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 PointsBet from various momentum indicators to cycle indicators. When you analyze PointsBet 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 PointsBet Holdings 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 PointsBet Holdings Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of PointsBet Holdings Limited based on widely used predictive technical indicators. In general, we focus on analyzing PointsBet OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PointsBet Holdings'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 PointsBet Holdings's intrinsic value. In addition to deriving basic predictive indicators for PointsBet Holdings, we also check how macroeconomic factors affect PointsBet Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
0.030.6111.69
Details
Intrinsic
Valuation
LowRealHigh
0.030.5311.61
Details
Naive
Forecast
LowNextHigh
0.010.6711.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.330.480.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PointsBet Holdings. Your research has to be compared to or analyzed against PointsBet Holdings' peers to derive any actionable benefits. When done correctly, PointsBet Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PointsBet Holdings.

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Other Information on Investing in PointsBet OTC Stock

PointsBet Holdings financial ratios help investors to determine whether PointsBet OTC 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 PointsBet with respect to the benefits of owning PointsBet Holdings security.