Use this graph to draw trend lines for BATM Advanced Communications Ltd. You can use it to identify possible trend reversals for BATM 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 BATM price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
BATM Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BATM Advanced Communications Ltd applied against its price change over selected period. The best fit line has a slop of 0.14 %
which means BATM Advanced Communications Ltd will continue generating value for investors. It has 42 observation points and regression sum of squers of 31.41 which is sum of squared deviations of the predicted BATM price change against its avarage change.
BATM has a best fit line with a correlation coefficient of 0.95. and coefficient of determination of 0.91. Note, that the company had not issued any dividends in recent years.