EVN AG (Germany) Statistic Functions Beta

EVN Stock  EUR 21.10  0.50  2.43%   
EVN AG statistic functions tool provides the execution environment for running the Beta function and other technical functions against EVN AG. EVN AG 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 Beta function function is designed to identify and follow existing trends. EVN AG 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.

The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on EVN AG correlated with the market. If Beta is less than 0 EVN AG generally moves in the opposite direction as compared to the market. If EVN AG Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one EVN AG is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of EVN AG is generally in the same direction as the market. If Beta > 1 EVN AG moves generally in the same direction as, but more than the movement of the benchmark.

EVN AG Technical Analysis Modules

Most technical analysis of EVN AG 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 EVN from various momentum indicators to cycle indicators. When you analyze EVN 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 EVN AG 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 EVN AG. We use our internally-developed statistical techniques to arrive at the intrinsic value of EVN AG based on widely used predictive technical indicators. In general, we focus on analyzing EVN Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build EVN AG'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 EVN AG's intrinsic value. In addition to deriving basic predictive indicators for EVN AG, we also check how macroeconomic factors affect EVN AG price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
18.9820.6022.22
Details
Intrinsic
Valuation
LowRealHigh
18.5422.5224.15
Details
Naive
Forecast
LowNextHigh
17.6119.2320.85
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.4923.1925.89
Details

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Other Information on Investing in EVN Stock

EVN AG financial ratios help investors to determine whether EVN 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 EVN with respect to the benefits of owning EVN AG security.