EGX 33 (Egypt) Statistic Functions Beta

SHARIAH Index   3,341  27.71  0.82%   
EGX 33 statistic functions tool provides the execution environment for running the Beta function and other technical functions against EGX 33. EGX 33 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. EGX 33 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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on EGX 33 Shariah correlated with the market. If Beta is less than 0 EGX 33 generally moves in the opposite direction as compared to the market. If EGX 33 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one EGX 33 Shariah is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of EGX 33 is generally in the same direction as the market. If Beta > 1 EGX 33 moves generally in the same direction as, but more than the movement of the benchmark.

EGX 33 Technical Analysis Modules

Most technical analysis of EGX 33 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 EGX from various momentum indicators to cycle indicators. When you analyze EGX 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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