Use this graph to draw trend lines for Amedisys Inc. You can use it to identify possible trend reversals for Amedisys 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 Amedisys price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Amedisys Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Amedisys Inc applied against its price change over selected period. The best fit line has a slop of 0.04 %
which means Amedisys Inc will continue generating value for investors. It has 42 observation points and regression sum of squers of 2.1 which is sum of squared deviations of the predicted Amedisys price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Amedisys || |
Amedisys has a best fit line with a correlation coefficient of 0.48. and coefficient of determination of 0.23. Note, that about 79.0%
of the company shares are held by institutions