|GDAXI -- Germany Index|| |
11,770 22.62 0.19%
As of 23 of August DAX shows Mean Deviation
of 0.7751. Macroaxis technical analysis interface provides you with the way to check helpful technical drivers
as well as the relationship between them. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices
and volume momentum or the prices will eventually revert. We found nineteen technical drivers
for DAX which can be compared to its rivals. Please confirm DAX Coefficient Of Variation
as well as the relationship
between Treynor Ratio
and Semi Variance
to decide if DAX is priced adequately providing market reflects its regular price of 11769.66 per share.
DAX Trend Analysis
Use this graph to draw trend lines for DAX. You can use it to identify possible trend reversals for DAX 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 DAX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
DAX Best Fit Change Line
The following chart estimates an ordinary least squares regression model for DAX applied against its price change over selected period. The best fit line has a slop of 28.83 %
which may suggest that DAX market price will keep on failing further. It has 78 observation points and a regression sum of squares at 8212564.55, which is the sum of squared deviations for the predicted DAX price change compared to its average price change.