Use this graph to draw trend lines for AMP Limited. You can use it to identify possible trend reversals for AMP Limited 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 AMP Limited price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
AMP Limited Best Fit Change Line
The following chart estimates an ordinary least squares regression model for AMP Limited applied against its price change over selected period. The best fit line has a slop of 0.01 %
which may suggest that AMP Limited market price will keep on failing further. It has 42 observation points and regression sum of squers of 0.27 which is sum of squared deviations of the predicted AMP Limited price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||AMP Limited || |
AMP Limited has a best fit line with a correlation coefficient of -0.6. and coefficient of determination of 0.36. Note, that the company has price-to-book (p/b) ratio of 1.84.