DB HiTek (Korea) Statistic Functions Pearson Correlation Coefficient

000990 Stock   33,100  1,400  4.42%   
DB HiTek statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against DB HiTek. DB HiTek 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 Pearson Correlation Coefficient function function is designed to identify and follow existing trends. DB HiTek 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.

Function
Time Period
Execute Function
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of DB HiTek and its benchmark or peer.

DB HiTek Technical Analysis Modules

Most technical analysis of DB HiTek 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 000990 from various momentum indicators to cycle indicators. When you analyze 000990 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 DB HiTek 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 DB HiTek Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of DB HiTek Co based on widely used predictive technical indicators. In general, we focus on analyzing 000990 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build DB HiTek'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 DB HiTek's intrinsic value. In addition to deriving basic predictive indicators for DB HiTek, we also check how macroeconomic factors affect DB HiTek price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
31,69731,70031,703
Details
Intrinsic
Valuation
LowRealHigh
28,14728,15034,870
Details
Naive
Forecast
LowNextHigh
30,58330,58630,590
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28,46730,95033,433
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DB HiTek. Your research has to be compared to or analyzed against DB HiTek's peers to derive any actionable benefits. When done correctly, DB HiTek's 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 DB HiTek.

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Other Information on Investing in 000990 Stock

DB HiTek financial ratios help investors to determine whether 000990 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 000990 with respect to the benefits of owning DB HiTek security.