LOreal SA (UK) Statistic Functions Pearson Correlation Coefficient

0NZM Stock   328.98  2.12  0.64%   
LOreal SA statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against LOreal SA. LOreal SA 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. LOreal SA 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 thirty-five with a total number of output elements of twenty-six. 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 LOreal SA and its benchmark or peer.

LOreal SA Technical Analysis Modules

Most technical analysis of LOreal SA 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 LOreal from various momentum indicators to cycle indicators. When you analyze LOreal 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 LOreal SA 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 LOreal SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of LOreal SA based on widely used predictive technical indicators. In general, we focus on analyzing LOreal Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build LOreal SA'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 LOreal SA's intrinsic value. In addition to deriving basic predictive indicators for LOreal SA, we also check how macroeconomic factors affect LOreal SA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
327.19328.98330.77
Details
Intrinsic
Valuation
LowRealHigh
264.68266.47361.88
Details
Naive
Forecast
LowNextHigh
322.15323.94325.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
315.84334.58353.31
Details

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards LOreal SA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, LOreal SA's short interest history, or implied volatility extrapolated from LOreal SA options trading.

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Additional Tools for LOreal Stock Analysis

When running LOreal SA's price analysis, check to measure LOreal SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LOreal SA is operating at the current time. Most of LOreal SA's value examination focuses on studying past and present price action to predict the probability of LOreal SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LOreal SA's price. Additionally, you may evaluate how the addition of LOreal SA to your portfolios can decrease your overall portfolio volatility.