InnoTherapy (Korea) Statistic Functions Pearson Correlation Coefficient

246960 Stock  KRW 8,440  10.00  0.12%   
InnoTherapy statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against InnoTherapy. InnoTherapy 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. InnoTherapy 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 InnoTherapy and its benchmark or peer.

InnoTherapy Technical Analysis Modules

Most technical analysis of InnoTherapy 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 InnoTherapy from various momentum indicators to cycle indicators. When you analyze InnoTherapy 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 InnoTherapy 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 InnoTherapy. We use our internally-developed statistical techniques to arrive at the intrinsic value of InnoTherapy based on widely used predictive technical indicators. In general, we focus on analyzing InnoTherapy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build InnoTherapy'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 InnoTherapy's intrinsic value. In addition to deriving basic predictive indicators for InnoTherapy, we also check how macroeconomic factors affect InnoTherapy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
8,4298,4308,431
Details
Intrinsic
Valuation
LowRealHigh
7,5879,7219,722
Details
Naive
Forecast
LowNextHigh
8,7018,7038,704
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7,8648,3548,844
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as InnoTherapy. Your research has to be compared to or analyzed against InnoTherapy's peers to derive any actionable benefits. When done correctly, InnoTherapy'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 InnoTherapy.

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Other Information on Investing in InnoTherapy Stock

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