ECOPETROL S A Statistic Functions Beta

279158AJ8   71.47  0.52  0.72%   
279158AJ8 statistic functions tool provides the execution environment for running the Beta function and other technical functions against 279158AJ8. 279158AJ8 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. 279158AJ8 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on ECOPETROL S A correlated with the market. If Beta is less than 0 279158AJ8 generally moves in the opposite direction as compared to the market. If 279158AJ8 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ECOPETROL S A is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 279158AJ8 is generally in the same direction as the market. If Beta > 1 279158AJ8 moves generally in the same direction as, but more than the movement of the benchmark.

279158AJ8 Technical Analysis Modules

Most technical analysis of 279158AJ8 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 279158AJ8 from various momentum indicators to cycle indicators. When you analyze 279158AJ8 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 279158AJ8 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 ECOPETROL S A. We use our internally-developed statistical techniques to arrive at the intrinsic value of ECOPETROL S A based on widely used predictive technical indicators. In general, we focus on analyzing 279158AJ8 Bond price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 279158AJ8'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 279158AJ8's intrinsic value. In addition to deriving basic predictive indicators for 279158AJ8, we also check how macroeconomic factors affect 279158AJ8 price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
70.6471.9973.34
Details
Intrinsic
Valuation
LowRealHigh
70.5071.8473.19
Details
Naive
Forecast
LowNextHigh
70.4871.8373.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
67.0371.3575.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 279158AJ8. Your research has to be compared to or analyzed against 279158AJ8's peers to derive any actionable benefits. When done correctly, 279158AJ8'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 ECOPETROL S A.

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Other Information on Investing in 279158AJ8 Bond

279158AJ8 financial ratios help investors to determine whether 279158AJ8 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 279158AJ8 with respect to the benefits of owning 279158AJ8 security.