CARDINAL HEALTH INC Statistic Functions Beta

14149YBB3   82.97  0.72  0.86%   
CARDINAL statistic functions tool provides the execution environment for running the Beta function and other technical functions against CARDINAL. CARDINAL 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 Beta function function is designed to identify and follow existing trends. CARDINAL 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.

The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on CARDINAL HEALTH INC correlated with the market. If Beta is less than 0 CARDINAL generally moves in the opposite direction as compared to the market. If CARDINAL Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CARDINAL HEALTH INC is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CARDINAL is generally in the same direction as the market. If Beta > 1 CARDINAL moves generally in the same direction as, but more than the movement of the benchmark.

CARDINAL Technical Analysis Modules

Most technical analysis of CARDINAL 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 CARDINAL from various momentum indicators to cycle indicators. When you analyze CARDINAL 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 CARDINAL 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 CARDINAL HEALTH INC. We use our internally-developed statistical techniques to arrive at the intrinsic value of CARDINAL HEALTH INC based on widely used predictive technical indicators. In general, we focus on analyzing CARDINAL Bond price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CARDINAL'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 CARDINAL's intrinsic value. In addition to deriving basic predictive indicators for CARDINAL, we also check how macroeconomic factors affect CARDINAL price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
82.0282.9783.92
Details
Intrinsic
Valuation
LowRealHigh
70.2771.2291.27
Details
Naive
Forecast
LowNextHigh
83.5984.5485.49
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
82.1883.4084.63
Details

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Other Information on Investing in CARDINAL Bond

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