Oblong Inc Stock Statistic Functions Pearson Correlation Coefficient

OBLG Stock  USD 3.29  0.07  2.17%   
Oblong statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Oblong. Oblong 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. Oblong 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 nineteen with a total number of output elements of fourty-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 Oblong Inc and its benchmark or peer.

Oblong Technical Analysis Modules

Most technical analysis of Oblong 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 Oblong from various momentum indicators to cycle indicators. When you analyze Oblong 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 Oblong 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 Oblong Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oblong Inc based on widely used predictive technical indicators. In general, we focus on analyzing Oblong Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oblong'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 Oblong's intrinsic value. In addition to deriving basic predictive indicators for Oblong, we also check how macroeconomic factors affect Oblong price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.0043750.003088
Price To Sales Ratio0.290.28
Hype
Prediction
LowEstimatedHigh
0.163.1817.15
Details
Intrinsic
Valuation
LowRealHigh
0.163.1617.13
Details
Naive
Forecast
LowNextHigh
0.062.9316.90
Details

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When determining whether Oblong Inc is a strong investment it is important to analyze Oblong'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 Oblong's future performance. For an informed investment choice regarding Oblong Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Application Software 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 Oblong. If investors know Oblong 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 Oblong 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
(0.46)
Earnings Share
11.14
Revenue Per Share
5.319
Quarterly Revenue Growth
(0.34)
Return On Assets
(0.38)
The market value of Oblong Inc is measured differently than its book value, which is the value of Oblong that is recorded on the company's balance sheet. Investors also form their own opinion of Oblong's value that differs from its market value or its book value, called intrinsic value, which is Oblong'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 Oblong's market value can be influenced by many factors that don't directly affect Oblong'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 Oblong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oblong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oblong'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.