Use this graph to draw trend lines for EURONEXT BEL-20. You can use it to identify possible trend reversals for EURONEXT 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 EURONEXT 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 EURONEXT BEL-20 applied against its price change over selected period. The best fit line has a slop of 7.78 % which means EURONEXT BEL-20 will continue producing value for investors. It has 36 observation points and regression sum of squers of 58613.28 which is sum of squared deviations of the predicted EURONEXT price change against its avarage change.
EURONEXT has a best fit line with a correlation coefficient of 0.89. and coefficient of determination of 0.78. Note, that the company had not issued any dividends in recent years.
Based on monthly moving average EURONEXT is performing at about 18% 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 EURONEXT by adding it to a well-diversified portfolio.
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which means EURONEXT BEL-20 will continue producing value for investors. It has 36 observation points and regression sum of squers of 58613.28 which is sum of squared deviations of the predicted EURONEXT price change against its avarage change.
1.03%
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