Use this graph to draw trend lines for Citigroup Inc. You can use it to identify possible trend reversals for Citigroup 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 Citigroup price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Citigroup Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Citigroup Inc applied against its price change over selected period. The best fit line has a slop of 0.28 %
which indicates that Citigroup Inc will continue to generate solid returns. It has 42 observation points and regression sum of squers of 118.52 which is sum of squared deviations of the predicted Citigroup price change against its avarage change.
|Price Growth (%) |
|Citigroup || ||Prediction Trend || |
Citigroup has a best fit line with a correlation coefficient of 0.92. and coefficient of determination of 0.84. Note, that about 66.0%
of the company shares are held by institutions