Bittium Oyj (Finland) Statistic Functions Beta

BITTI Stock  EUR 6.10  0.28  4.81%   
Bittium Oyj statistic functions tool provides the execution environment for running the Beta function and other technical functions against Bittium Oyj. Bittium Oyj 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. Bittium Oyj 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 fifty-two with a total number of output elements of nine. The Beta measures systematic risk based on how returns on Bittium Oyj correlated with the market. If Beta is less than 0 Bittium Oyj generally moves in the opposite direction as compared to the market. If Bittium Oyj Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bittium Oyj is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bittium Oyj is generally in the same direction as the market. If Beta > 1 Bittium Oyj moves generally in the same direction as, but more than the movement of the benchmark.

Bittium Oyj Technical Analysis Modules

Most technical analysis of Bittium Oyj 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 Bittium from various momentum indicators to cycle indicators. When you analyze Bittium 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 Bittium Oyj 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 Bittium Oyj. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bittium Oyj based on widely used predictive technical indicators. In general, we focus on analyzing Bittium Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bittium Oyj'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 Bittium Oyj's intrinsic value. In addition to deriving basic predictive indicators for Bittium Oyj, we also check how macroeconomic factors affect Bittium Oyj 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 Bittium Oyj'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.
Hype
Prediction
LowEstimatedHigh
3.356.108.85
Details
Intrinsic
Valuation
LowRealHigh
3.896.649.39
Details
Naive
Forecast
LowNextHigh
3.085.838.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.775.956.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bittium Oyj. Your research has to be compared to or analyzed against Bittium Oyj's peers to derive any actionable benefits. When done correctly, Bittium Oyj's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bittium Oyj.

Be 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.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bittium Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Bittium Stock analysis

When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bittium Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bittium Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bittium Oyj's 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.