CLEMONDO GROUP (Germany) Statistic Functions Pearson Correlation Coefficient

N17 Stock  EUR 0.05  0  5.31%   
CLEMONDO GROUP statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against CLEMONDO GROUP. CLEMONDO 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 Pearson Correlation Coefficient function function is designed to identify and follow existing trends. CLEMONDO 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.

Function
Time Period
Execute Function
The output start index for this execution was nine with a total number of output elements of fifty-two. 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 CLEMONDO GROUP AB and its benchmark or peer.

CLEMONDO GROUP Technical Analysis Modules

Most technical analysis of CLEMONDO 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 CLEMONDO from various momentum indicators to cycle indicators. When you analyze CLEMONDO 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 CLEMONDO 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 CLEMONDO GROUP AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of CLEMONDO GROUP AB based on widely used predictive technical indicators. In general, we focus on analyzing CLEMONDO Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CLEMONDO 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 CLEMONDO GROUP's intrinsic value. In addition to deriving basic predictive indicators for CLEMONDO GROUP, we also check how macroeconomic factors affect CLEMONDO GROUP price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
0.000.0511.70
Details
Intrinsic
Valuation
LowRealHigh
0.000.0411.69
Details
Naive
Forecast
LowNextHigh
0.0010.0511.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.040.050.06
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 CLEMONDO 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, CLEMONDO GROUP's short interest history, or implied volatility extrapolated from CLEMONDO GROUP options trading.

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Other Information on Investing in CLEMONDO Stock

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