Trican Well Service Stock Statistic Functions Pearson Correlation Coefficient

TCW Stock  CAD 4.99  0.16  3.31%   
Trican Well statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Trican Well. Trican Well 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. Trican Well 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 twenty-three with a total number of output elements of thirty-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 Trican Well Service and its benchmark or peer.

Trican Well Technical Analysis Modules

Most technical analysis of Trican Well 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 Trican from various momentum indicators to cycle indicators. When you analyze Trican 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 Trican Well 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 Trican Well Service. We use our internally-developed statistical techniques to arrive at the intrinsic value of Trican Well Service based on widely used predictive technical indicators. In general, we focus on analyzing Trican Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Trican Well'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 Trican Well's intrinsic value. In addition to deriving basic predictive indicators for Trican Well, we also check how macroeconomic factors affect Trican Well price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.03460.0294
Price To Sales Ratio0.921.76
Hype
Prediction
LowEstimatedHigh
2.914.997.07
Details
Intrinsic
Valuation
LowRealHigh
1.984.066.14
Details
Naive
Forecast
LowNextHigh
2.744.826.90
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.120.130.14
Details

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Other Information on Investing in Trican Stock

Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.