Use this graph to draw trend lines for Banco de Chile. You can use it to identify possible trend reversals for Banco 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 Banco price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Banco Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Banco de Chile applied against its price change over selected period. The best fit line has a slop of 0.02 %
which may imply that the returns on investment in Banco de Chile will continue to fail. It has 42 observation points and regression sum of squers of 0.76 which is sum of squared deviations of the predicted Banco price change against its avarage change.
Banco has a best fit line with a correlation coefficient of -0.1. and coefficient of determination of 0.01. Note, that book value of the company was currently as 28.2.