Marathon Petroleum (Germany) Statistic Functions Pearson Correlation Coefficient
| MPN Stock | EUR 146.56 0.54 0.37% |
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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 Marathon Petroleum Corp and its benchmark or peer.
Marathon Petroleum Technical Analysis Modules
Most technical analysis of Marathon Petroleum 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 Marathon from various momentum indicators to cycle indicators. When you analyze Marathon 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.| Cycle Indicators | ||
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About Marathon Petroleum 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 Marathon Petroleum Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Marathon Petroleum Corp based on widely used predictive technical indicators. In general, we focus on analyzing Marathon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Marathon Petroleum'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 Marathon Petroleum's intrinsic value. In addition to deriving basic predictive indicators for Marathon Petroleum, we also check how macroeconomic factors affect Marathon Petroleum price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Additional Information and Resources on Investing in Marathon Stock
When determining whether Marathon Petroleum Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Marathon Petroleum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Marathon Petroleum Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marathon Petroleum Corp Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marathon Petroleum Corp. 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. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.