Red Electrica Corporacion Stock Statistic Functions Pearson Correlation Coefficient

RDEIY Stock  USD 8.89  0.02  0.22%   
Red Electrica statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Red Electrica. Red Electrica 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. Red Electrica 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 thirteen with a total number of output elements of fourty-eight. 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 Red Electrica Corporacion and its benchmark or peer.

Red Electrica Technical Analysis Modules

Most technical analysis of Red Electrica 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 Red from various momentum indicators to cycle indicators. When you analyze Red 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 Red Electrica 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 Red Electrica Corporacion. We use our internally-developed statistical techniques to arrive at the intrinsic value of Red Electrica Corporacion based on widely used predictive technical indicators. In general, we focus on analyzing Red Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Red Electrica'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 Red Electrica's intrinsic value. In addition to deriving basic predictive indicators for Red Electrica, we also check how macroeconomic factors affect Red Electrica price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
7.658.9110.17
Details
Intrinsic
Valuation
LowRealHigh
6.327.589.82
Details
Naive
Forecast
LowNextHigh
7.809.0610.32
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.808.888.97
Details

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Additional Tools for Red Pink Sheet Analysis

When running Red Electrica's price analysis, check to measure Red Electrica'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 Red Electrica is operating at the current time. Most of Red Electrica's value examination focuses on studying past and present price action to predict the probability of Red Electrica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Electrica's price. Additionally, you may evaluate how the addition of Red Electrica to your portfolios can decrease your overall portfolio volatility.