Use this graph to draw trend lines for Biomerica Inc. You can use it to identify possible trend reversals for Biomerica 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 Biomerica price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Biomerica Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Biomerica Inc applied against its price change over selected period. The best fit line has a slop of 0.0052 %
which may suggest that Biomerica Inc market price will keep on failing further. It has 30 observation points and regression sum of squers of 0.02 which is sum of squared deviations of the predicted Biomerica price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Biomerica || |
Biomerica has a best fit line with a correlation coefficient of -0.66. and coefficient of determination of 0.43. Note, that the company has price-to-book (p/b) ratio of 1.08.