NEXTERA ENERGY CAPITAL Statistic Functions Pearson Correlation Coefficient

65339KBR0   85.26  1.57  1.81%   
NEXTERA statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against NEXTERA. NEXTERA 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. NEXTERA 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 eleven with a total number of output elements of fifty. 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 NEXTERA ENERGY CAPITAL and its benchmark or peer.

NEXTERA Technical Analysis Modules

Most technical analysis of NEXTERA 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 NEXTERA from various momentum indicators to cycle indicators. When you analyze NEXTERA 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 NEXTERA 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 NEXTERA ENERGY CAPITAL. We use our internally-developed statistical techniques to arrive at the intrinsic value of NEXTERA ENERGY CAPITAL based on widely used predictive technical indicators. In general, we focus on analyzing NEXTERA Bond price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NEXTERA'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 NEXTERA's intrinsic value. In addition to deriving basic predictive indicators for NEXTERA, we also check how macroeconomic factors affect NEXTERA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
84.8685.2685.66
Details
Intrinsic
Valuation
LowRealHigh
84.2784.6793.79
Details
Naive
Forecast
LowNextHigh
85.5285.9386.33
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
81.8483.8485.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NEXTERA. Your research has to be compared to or analyzed against NEXTERA's peers to derive any actionable benefits. When done correctly, NEXTERA's 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 NEXTERA ENERGY CAPITAL.

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Other Information on Investing in NEXTERA Bond

NEXTERA financial ratios help investors to determine whether NEXTERA Bond 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 NEXTERA with respect to the benefits of owning NEXTERA security.