|Macys Inc -- USA Stock|| |
USD 19.95 0.06 0.3%
Macys statistic-functions tool provides you with the Statistic Functions execution environment for running Beta function against Macys. Macys statistical functions help analysists 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 thirteen with a total number of output elements of four. The Beta measures systematic risk based on how returns on Macys Inc correlated with the market. If Beta is less then 0 Macys generally moves in the opposite direction as compared to the market. If Macys Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Macys Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Macys is generally in the same direction as the market. If Beta > 1 Macys moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis
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