Use this graph to draw trend lines for Centrepoint Alliance Limited. You can use it to identify possible trend reversals for Centrepoint 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 Centrepoint price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Centrepoint Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Centrepoint Alliance Limited applied against its price change over selected period. The best fit line has a slop of 0.0005 %
which means Centrepoint Alliance Limited will continue generating value for investors. It has 36 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Centrepoint price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Centrepoint || |
Centrepoint has a best fit line with a correlation coefficient of 0.15. and coefficient of determination of 0.02. Note, that the company has price-to-book (p/b) ratio of 1.56.