Use this graph to draw trend lines for AllianceBernstein Income Fund Inc. You can use it to identify possible trend reversals for AllianceBern 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 AllianceBern price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
AllianceBern Best Fit Change Line
The following chart estimates an ordinary least squares regression model for AllianceBernstein Income Fund Inc applied against its price change over selected period. The best fit line has a slop of 0.0058 %
which may imply that the returns on investment in AllianceBernstein Income Fund Inc will continue to fail. It has 44 observation points and regression sum of squers of 0.06 which is sum of squared deviations of the predicted AllianceBern price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||AllianceBern || |
AllianceBern has a best fit line with a correlation coefficient of -0.67. and coefficient of determination of 0.45. Note, that the company has price-to-book (p/b) ratio of 0.94.