Use this graph to draw trend lines for Thai Village Holdings Ltd. You can use it to identify possible trend reversals for Thai 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 Thai price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Thai Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Thai Village Holdings Ltd applied against its price change over selected period. The best fit line has a slop of 0.0013 %
which may suggest that Thai Village Holdings Ltd market price will keep on failing further. It has 40 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Thai price change against its avarage change.
Thai has a best fit line with a correlation coefficient of -0.8. and coefficient of determination of 0.64. Note, that the company has price-to-book (p/b) ratio of 1.66.