Use this graph to draw trend lines for Huayu Expressway Group Limited. You can use it to identify possible trend reversals for Huayu 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 Huayu price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Huayu Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Huayu Expressway Group Limited applied against its price change over selected period. The best fit line has a slop of 0.0002 %
which may suggest that Huayu Expressway Group Limited market price will keep on failing further. It has 34 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Huayu price change against its avarage change.
Huayu has a best fit line with a correlation coefficient of -0.07. and coefficient of determination of 0.01. Note, that the company has price-to-book (p/b) ratio of 1.09.