OMX Stockholm (Sweden) Statistic Functions Beta

OMXSMCPI   1,560  43.89  2.89%   
OMX Stockholm statistic functions tool provides the execution environment for running the Beta function and other technical functions against OMX Stockholm. OMX Stockholm 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. OMX Stockholm 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 sixty with a total number of output elements of one. The Beta measures systematic risk based on how returns on OMX Stockholm Mid correlated with the market. If Beta is less than 0 OMX Stockholm generally moves in the opposite direction as compared to the market. If OMX Stockholm Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one OMX Stockholm Mid is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of OMX Stockholm is generally in the same direction as the market. If Beta > 1 OMX Stockholm moves generally in the same direction as, but more than the movement of the benchmark.

OMX Stockholm Technical Analysis Modules

Most technical analysis of OMX Stockholm 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 OMX from various momentum indicators to cycle indicators. When you analyze OMX 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.

Become your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

Did you try this?

Run Balance Of Power Now

   

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
All  Next Launch Module

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index Idea
Macroaxis Index
Invested few shares
ISP Idea
ISP
Invested few shares
Housewares Idea
Housewares
Invested over 50 shares
Silver Idea
Silver
Invested over 60 shares
Banks Idea
Banks
Invested over 70 shares