Churchill Downs (Germany) Statistic Functions Beta

CHR Stock  EUR 101.00  1.00  0.98%   
Churchill Downs statistic functions tool provides the execution environment for running the Beta function and other technical functions against Churchill Downs. Churchill Downs 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. Churchill Downs 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 Churchill Downs correlated with the market. If Beta is less than 0 Churchill Downs generally moves in the opposite direction as compared to the market. If Churchill Downs Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Churchill Downs is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Churchill Downs is generally in the same direction as the market. If Beta > 1 Churchill Downs moves generally in the same direction as, but more than the movement of the benchmark.

Churchill Downs Technical Analysis Modules

Most technical analysis of Churchill Downs 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 Churchill from various momentum indicators to cycle indicators. When you analyze Churchill 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 Churchill Downs 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 Churchill Downs Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Churchill Downs Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing Churchill Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Churchill Downs'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 Churchill Downs's intrinsic value. In addition to deriving basic predictive indicators for Churchill Downs, we also check how macroeconomic factors affect Churchill Downs price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
99.71101.00102.29
Details
Intrinsic
Valuation
LowRealHigh
90.6291.91111.10
Details
Naive
Forecast
LowNextHigh
99.31100.60101.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
94.41107.17119.93
Details

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Additional Information and Resources on Investing in Churchill Stock

When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.