Steel Authority (India) Statistic Functions Pearson Correlation Coefficient

SAIL Stock   116.28  0.02  0.02%   
Steel Authority statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Steel Authority. Steel Authority 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. Steel Authority 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 twenty-three with a total number of output elements of thirty-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 Steel Authority and its benchmark or peer.

Steel Authority Technical Analysis Modules

Most technical analysis of Steel Authority 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 Steel from various momentum indicators to cycle indicators. When you analyze Steel 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 Steel Authority 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 Steel Authority of. We use our internally-developed statistical techniques to arrive at the intrinsic value of Steel Authority of based on widely used predictive technical indicators. In general, we focus on analyzing Steel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Steel Authority'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 Steel Authority's intrinsic value. In addition to deriving basic predictive indicators for Steel Authority, we also check how macroeconomic factors affect Steel Authority price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
114.20116.28118.36
Details
Intrinsic
Valuation
LowRealHigh
93.2795.35127.91
Details
Naive
Forecast
LowNextHigh
110.59112.67114.76
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.432.253.38
Details

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Additional Tools for Steel Stock Analysis

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