Griffon (Germany) Statistic Functions Pearson Correlation Coefficient

GFF Stock  EUR 74.50  1.00  1.32%   
Griffon statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Griffon. Griffon 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. Griffon 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 fourty-nine with a total number of output elements of twelve. 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 Griffon and its benchmark or peer.

Griffon Technical Analysis Modules

Most technical analysis of Griffon 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 Griffon from various momentum indicators to cycle indicators. When you analyze Griffon 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 Griffon 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 Griffon. We use our internally-developed statistical techniques to arrive at the intrinsic value of Griffon based on widely used predictive technical indicators. In general, we focus on analyzing Griffon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Griffon'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 Griffon's intrinsic value. In addition to deriving basic predictive indicators for Griffon, we also check how macroeconomic factors affect Griffon price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
72.3375.5078.67
Details
Intrinsic
Valuation
LowRealHigh
54.9758.1383.05
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 Griffon 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, Griffon's short interest history, or implied volatility extrapolated from Griffon options trading.

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Additional Information and Resources on Investing in Griffon Stock

When determining whether Griffon is a strong investment it is important to analyze Griffon's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Griffon's future performance. For an informed investment choice regarding Griffon Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffon. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Griffon Stock please use our How to Invest in Griffon guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between Griffon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Griffon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Griffon'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.