Zumiez Inc Stock Statistic Functions Pearson Correlation Coefficient

ZUMZ Stock  USD 22.07  0.87  3.79%   
Zumiez statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Zumiez. Zumiez 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. Zumiez 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 Zumiez Inc and its benchmark or peer.

Zumiez Technical Analysis Modules

Most technical analysis of Zumiez 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 Zumiez from various momentum indicators to cycle indicators. When you analyze Zumiez 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 Zumiez 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 Zumiez Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Zumiez Inc based on widely used predictive technical indicators. In general, we focus on analyzing Zumiez Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Zumiez'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 Zumiez's intrinsic value. In addition to deriving basic predictive indicators for Zumiez, we also check how macroeconomic factors affect Zumiez price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2010 2014 2020 2024 (projected)
Days Sales Outstanding5.195.945.755.69
PTB Ratio1.911.690.9721.15
Hype
Prediction
LowEstimatedHigh
18.7322.0225.31
Details
Intrinsic
Valuation
LowRealHigh
15.6018.8922.18
Details
Naive
Forecast
LowNextHigh
19.1522.4425.73
Details
4 Analysts
Consensus
LowTargetHigh
15.4717.0018.87
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 Zumiez 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, Zumiez's short interest history, or implied volatility extrapolated from Zumiez options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Zumiez Stock Analysis

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