Nelly Group (Sweden) Statistic Functions Beta

NELLY Stock  SEK 30.00  0.80  2.74%   
Nelly Group statistic functions tool provides the execution environment for running the Beta function and other technical functions against Nelly Group. Nelly 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. Nelly 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 Nelly Group AB correlated with the market. If Beta is less than 0 Nelly Group generally moves in the opposite direction as compared to the market. If Nelly Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nelly Group AB is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nelly Group is generally in the same direction as the market. If Beta > 1 Nelly Group moves generally in the same direction as, but more than the movement of the benchmark.

Nelly Group Technical Analysis Modules

Most technical analysis of Nelly 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 Nelly from various momentum indicators to cycle indicators. When you analyze Nelly 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 Nelly 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 Nelly Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nelly Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Nelly Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nelly 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 Nelly Group's intrinsic value. In addition to deriving basic predictive indicators for Nelly Group, we also check how macroeconomic factors affect Nelly Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nelly Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
27.2430.0032.76
Details
Intrinsic
Valuation
LowRealHigh
23.7726.5333.00
Details
Naive
Forecast
LowNextHigh
28.4631.2133.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.2729.2130.16
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 Nelly 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, Nelly Group's short interest history, or implied volatility extrapolated from Nelly Group options trading.

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Additional Tools for Nelly Stock Analysis

When running Nelly Group's price analysis, check to measure Nelly 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 Nelly Group is operating at the current time. Most of Nelly Group's value examination focuses on studying past and present price action to predict the probability of Nelly 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 Nelly Group's price. Additionally, you may evaluate how the addition of Nelly Group to your portfolios can decrease your overall portfolio volatility.