Bank Of Communications Stock Statistic Functions Pearson Correlation Coefficient

BCMXY Stock  USD 18.09  0.41  2.22%   
Bank of Communications Co statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Bank of Communications Co. Bank of Communications Co 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. Bank of Communications Co 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 nine with a total number of output elements of fifty-two. 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 Bank of Communications Co and its benchmark or peer.

Bank of Communications Co Technical Analysis Modules

Most technical analysis of Bank of Communications Co 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 Bank from various momentum indicators to cycle indicators. When you analyze Bank 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 Bank of Communications Co 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 Bank of Communications. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bank of Communications based on widely used predictive technical indicators. In general, we focus on analyzing Bank Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bank of Communications Co'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 Bank of Communications Co's intrinsic value. In addition to deriving basic predictive indicators for Bank of Communications Co, we also check how macroeconomic factors affect Bank of Communications Co price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Communications Co'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
14.3918.0921.79
Details
Intrinsic
Valuation
LowRealHigh
11.3415.0418.74
Details
Naive
Forecast
LowNextHigh
14.1817.8721.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.7418.2218.70
Details

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Additional Tools for Bank Pink Sheet Analysis

When running Bank of Communications Co's price analysis, check to measure Bank of Communications Co'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 Bank of Communications Co is operating at the current time. Most of Bank of Communications Co's value examination focuses on studying past and present price action to predict the probability of Bank of Communications Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Communications Co's price. Additionally, you may evaluate how the addition of Bank of Communications Co to your portfolios can decrease your overall portfolio volatility.