Covalon Technologies Stock Statistic Functions Beta

CVALF Stock  USD 2.54  0.05  1.93%   
Covalon Technologies statistic functions tool provides the execution environment for running the Beta function and other technical functions against Covalon Technologies. Covalon Technologies 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. Covalon Technologies 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 fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Covalon Technologies correlated with the market. If Beta is less than 0 Covalon Technologies generally moves in the opposite direction as compared to the market. If Covalon Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Covalon Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Covalon Technologies is generally in the same direction as the market. If Beta > 1 Covalon Technologies moves generally in the same direction as, but more than the movement of the benchmark.

Covalon Technologies Technical Analysis Modules

Most technical analysis of Covalon Technologies 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 Covalon from various momentum indicators to cycle indicators. When you analyze Covalon 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 Covalon Technologies 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 Covalon Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Covalon Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Covalon OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Covalon Technologies'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 Covalon Technologies's intrinsic value. In addition to deriving basic predictive indicators for Covalon Technologies, we also check how macroeconomic factors affect Covalon Technologies price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
0.132.545.40
Details
Intrinsic
Valuation
LowRealHigh
0.112.145.00
Details
Naive
Forecast
LowNextHigh
0.052.525.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.172.542.91
Details

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Other Information on Investing in Covalon OTC Stock

Covalon Technologies financial ratios help investors to determine whether Covalon OTC 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 Covalon with respect to the benefits of owning Covalon Technologies security.