Crayon Group (Norway) Statistic Functions Pearson Correlation Coefficient

CRAYN Stock  NOK 118.60  2.60  2.24%   
Crayon Group statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Crayon Group. Crayon Group 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. Crayon Group 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 Crayon Group Holding and its benchmark or peer.

Crayon Group Technical Analysis Modules

Most technical analysis of Crayon Group 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 Crayon from various momentum indicators to cycle indicators. When you analyze Crayon 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 Crayon Group 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 Crayon Group Holding. We use our internally-developed statistical techniques to arrive at the intrinsic value of Crayon Group Holding based on widely used predictive technical indicators. In general, we focus on analyzing Crayon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Crayon Group'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 Crayon Group's intrinsic value. In addition to deriving basic predictive indicators for Crayon Group, we also check how macroeconomic factors affect Crayon Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
115.04118.60122.16
Details
Intrinsic
Valuation
LowRealHigh
96.2199.77130.46
Details
Naive
Forecast
LowNextHigh
116.38119.94123.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
110.92115.23119.54
Details

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Correlation Analysis

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Other Information on Investing in Crayon Stock

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