Athena Technology Acquisition Stock Statistic Functions Pearson Correlation Coefficient

ATEK Stock  USD 11.75  0.02  0.17%   
Athena Technology statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Athena Technology. Athena Technology 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. Athena Technology 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 Athena Technology and its benchmark or peer.

Athena Technology Technical Analysis Modules

Most technical analysis of Athena Technology 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 Athena from various momentum indicators to cycle indicators. When you analyze Athena 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 Athena Technology 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 Athena Technology Acquisition. We use our internally-developed statistical techniques to arrive at the intrinsic value of Athena Technology Acquisition based on widely used predictive technical indicators. In general, we focus on analyzing Athena Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Athena Technology'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 Athena Technology's intrinsic value. In addition to deriving basic predictive indicators for Athena Technology, we also check how macroeconomic factors affect Athena Technology price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2010 2023 2024 (projected)
Company Equity Multiplier1.042.692.82
Effective Tax Rate0.10.380.22
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Athena Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.5011.7514.00
Details
Intrinsic
Valuation
LowRealHigh
7.7710.0212.27
Details
Naive
Forecast
LowNextHigh
9.6511.9014.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3111.8312.35
Details

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When determining whether Athena Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Athena Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Athena Technology Acquisition Stock. Highlighted below are key reports to facilitate an investment decision about Athena Technology Acquisition Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athena Technology Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
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Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Athena Technology. If investors know Athena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Athena Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
(0.06)
Return On Assets
(0.07)
The market value of Athena Technology is measured differently than its book value, which is the value of Athena that is recorded on the company's balance sheet. Investors also form their own opinion of Athena Technology's value that differs from its market value or its book value, called intrinsic value, which is Athena Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Athena Technology's market value can be influenced by many factors that don't directly affect Athena Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Athena Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Athena Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Athena Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.