Use this graph to draw trend lines for ColgatePalmolive Co. You can use it to identify possible trend reversals for CL 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 CL price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
CL Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ColgatePalmolive Co applied against its price change over selected period. The best fit line has a slop of 3.08 %
which may indicate that the price for ColgatePalmolive Co will continue to decline. It has 44 observation points and regression sum of squers of 16814.65 which is sum of squared deviations of the predicted CL price change against its avarage change.
CL has a best fit line with a correlation coefficient of -0.75. and coefficient of determination of 0.56. Note, that about 73.0%
of the company shares are held by institutions