PHLX Oil statistic functions tool provides the execution environment for running the Beta function and other technical functions against PHLX Oil. PHLX Oil 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. PHLX Oil 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-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on PHLX Oil Service correlated with the market. If Beta is less than 0 PHLX Oil generally moves in the opposite direction as compared to the market. If PHLX Oil Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PHLX Oil Service is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PHLX Oil is generally in the same direction as the market. If Beta > 1 PHLX Oil moves generally in the same direction as, but more than the movement of the benchmark.
PHLX Oil Technical Analysis Modules
Most technical analysis of PHLX Oil 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 PHLX from various momentum indicators to cycle indicators. When you analyze PHLX 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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