ECOBANK TRANSNATIONAL (Nigeria) Statistic Functions Beta

ETI Stock   29.40  0.40  1.38%   
ECOBANK TRANSNATIONAL statistic functions tool provides the execution environment for running the Beta function and other technical functions against ECOBANK TRANSNATIONAL. ECOBANK TRANSNATIONAL 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. ECOBANK TRANSNATIONAL 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 fifteen with a total number of output elements of fourty-six. The Beta measures systematic risk based on how returns on ECOBANK TRANSNATIONAL correlated with the market. If Beta is less than 0 ECOBANK TRANSNATIONAL generally moves in the opposite direction as compared to the market. If ECOBANK TRANSNATIONAL Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ECOBANK TRANSNATIONAL is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ECOBANK TRANSNATIONAL is generally in the same direction as the market. If Beta > 1 ECOBANK TRANSNATIONAL moves generally in the same direction as, but more than the movement of the benchmark.

ECOBANK TRANSNATIONAL Technical Analysis Modules

Most technical analysis of ECOBANK TRANSNATIONAL 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 ECOBANK from various momentum indicators to cycle indicators. When you analyze ECOBANK 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.

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Additional Tools for ECOBANK Stock Analysis

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