CDAX Index (Germany) Statistic Functions Beta

CDAXX Index   1,923  12.91  0.67%   
CDAX Index statistic functions tool provides the execution environment for running the Beta function and other technical functions against CDAX Index. CDAX Index 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. CDAX Index 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.

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on CDAX Index correlated with the market. If Beta is less than 0 CDAX Index generally moves in the opposite direction as compared to the market. If CDAX Index Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CDAX Index is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CDAX Index is generally in the same direction as the market. If Beta > 1 CDAX Index moves generally in the same direction as, but more than the movement of the benchmark.

CDAX Index Technical Analysis Modules

Most technical analysis of CDAX Index 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 CDAX from various momentum indicators to cycle indicators. When you analyze CDAX 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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