Use this graph to draw trend lines for ATX. You can use it to identify possible trend reversals for ATX as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ATX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
The following chart estimates an ordinary least squares regression model for ATX applied against its price change over selected period. The best fit line has a slop of 6.46 % which means ATX will continue producing value for investors. It has 36 observation points and regression sum of squers of 40387.55 which is sum of squared deviations of the predicted ATX price change against its avarage change.
ATX has a best fit line with a correlation coefficient of 0.81. and coefficient of determination of 0.65. Note, that the company had not issued any dividends in recent years.
Based on monthly moving average ATX is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ATX by adding it to a well-diversified portfolio.
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which means ATX will continue producing value for investors. It has 36 observation points and regression sum of squers of 40387.55 which is sum of squared deviations of the predicted ATX price change against its avarage change.
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