Elia Group (Belgium) Statistic Functions Beta

ELI Stock  EUR 83.35  0.95  1.15%   
Elia Group statistic functions tool provides the execution environment for running the Beta function and other technical functions against Elia Group. Elia Group 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. Elia Group 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Elia Group SANV correlated with the market. If Beta is less than 0 Elia Group generally moves in the opposite direction as compared to the market. If Elia Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elia Group SANV is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elia Group is generally in the same direction as the market. If Beta > 1 Elia Group moves generally in the same direction as, but more than the movement of the benchmark.

Elia Group Technical Analysis Modules

Most technical analysis of Elia Group 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 Elia from various momentum indicators to cycle indicators. When you analyze Elia 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 Elia Group 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 Elia Group SANV. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elia Group SANV based on widely used predictive technical indicators. In general, we focus on analyzing Elia Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elia Group'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 Elia Group's intrinsic value. In addition to deriving basic predictive indicators for Elia Group, we also check how macroeconomic factors affect Elia Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
81.6983.3585.01
Details
Intrinsic
Valuation
LowRealHigh
71.8273.4891.69
Details
Naive
Forecast
LowNextHigh
78.1179.7881.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
81.6083.4885.37
Details

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 Elia Group 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, Elia Group's short interest history, or implied volatility extrapolated from Elia Group options trading.

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Additional Tools for Elia Stock Analysis

When running Elia Group's price analysis, check to measure Elia Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elia Group is operating at the current time. Most of Elia Group's value examination focuses on studying past and present price action to predict the probability of Elia Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elia Group's price. Additionally, you may evaluate how the addition of Elia Group to your portfolios can decrease your overall portfolio volatility.