Scandinavian Tobacco Group Stock Statistic Functions Pearson Correlation Coefficient
| STBGY Stock | USD 7.25 0.35 4.61% |
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The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Scandinavian Tobacco and its benchmark or peer.
Scandinavian Tobacco Technical Analysis Modules
Most technical analysis of Scandinavian Tobacco 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 Scandinavian from various momentum indicators to cycle indicators. When you analyze Scandinavian 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.| Cycle Indicators | ||
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About Scandinavian Tobacco 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 Scandinavian Tobacco Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Scandinavian Tobacco Group based on widely used predictive technical indicators. In general, we focus on analyzing Scandinavian Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Scandinavian Tobacco'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 Scandinavian Tobacco's intrinsic value. In addition to deriving basic predictive indicators for Scandinavian Tobacco, we also check how macroeconomic factors affect Scandinavian Tobacco price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scandinavian Tobacco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Additional Tools for Scandinavian Pink Sheet Analysis
When running Scandinavian Tobacco's price analysis, check to measure Scandinavian Tobacco'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 Scandinavian Tobacco is operating at the current time. Most of Scandinavian Tobacco's value examination focuses on studying past and present price action to predict the probability of Scandinavian Tobacco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandinavian Tobacco's price. Additionally, you may evaluate how the addition of Scandinavian Tobacco to your portfolios can decrease your overall portfolio volatility.