Aker Solutions (Norway) Statistic Functions Pearson Correlation Coefficient

AKSO Stock  NOK 31.46  0.42  1.32%   
Aker Solutions statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Aker Solutions. Aker Solutions 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. Aker Solutions 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 thirty-five with a total number of output elements of twenty-six. 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 Aker Solutions ASA and its benchmark or peer.

Aker Solutions Technical Analysis Modules

Most technical analysis of Aker Solutions 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 Aker from various momentum indicators to cycle indicators. When you analyze Aker 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 Aker Solutions 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 Aker Solutions ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Aker Solutions ASA based on widely used predictive technical indicators. In general, we focus on analyzing Aker Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Aker Solutions'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 Aker Solutions's intrinsic value. In addition to deriving basic predictive indicators for Aker Solutions, we also check how macroeconomic factors affect Aker Solutions price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
28.7631.4634.16
Details
Intrinsic
Valuation
LowRealHigh
28.3134.7037.40
Details
Naive
Forecast
LowNextHigh
30.0232.7235.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.3829.0531.72
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 Aker Solutions 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, Aker Solutions' short interest history, or implied volatility extrapolated from Aker Solutions options trading.

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Other Information on Investing in Aker Stock

Aker Solutions financial ratios help investors to determine whether Aker Stock 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 Aker with respect to the benefits of owning Aker Solutions security.