Oberweis Funds Fund Statistic Functions Pearson Correlation Coefficient

OFIGX Fund  USD 9.89  0.04  0.41%   
Oberweis Funds statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Oberweis Funds. Oberweis Funds 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. Oberweis Funds 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 two with a total number of output elements of fifty-nine. 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 Oberweis Funds and its benchmark or peer.

Oberweis Funds Technical Analysis Modules

Most technical analysis of Oberweis Funds 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 Oberweis from various momentum indicators to cycle indicators. When you analyze Oberweis 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 Oberweis Funds 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 Oberweis Funds . We use our internally-developed statistical techniques to arrive at the intrinsic value of Oberweis Funds based on widely used predictive technical indicators. In general, we focus on analyzing Oberweis Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oberweis Funds'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 Oberweis Funds's intrinsic value. In addition to deriving basic predictive indicators for Oberweis Funds, we also check how macroeconomic factors affect Oberweis Funds price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
9.019.8910.77
Details
Intrinsic
Valuation
LowRealHigh
9.079.9510.83
Details
Naive
Forecast
LowNextHigh
8.809.6810.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.849.889.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oberweis Funds. Your research has to be compared to or analyzed against Oberweis Funds' peers to derive any actionable benefits. When done correctly, Oberweis Funds' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Oberweis Funds.
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 Oberweis Funds 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, Oberweis Funds' short interest history, or implied volatility extrapolated from Oberweis Funds options trading.

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Other Information on Investing in Oberweis Mutual Fund

Oberweis Funds financial ratios help investors to determine whether Oberweis Mutual Fund 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 Oberweis with respect to the benefits of owning Oberweis Funds security.
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