Use this graph to draw trend lines for WisdomTree Chinese Yuan. You can use it to identify possible trend reversals for WisdomTree 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 WisdomTree price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
WisdomTree Best Fit Change Line
The following chart estimates an ordinary least squares regression model for WisdomTree Chinese Yuan applied against its price change over selected period. The best fit line has a slop of 0.0006 %
which may imply that WisdomTree Chinese Yuan will maintain its good market sentiment and make money for investors. It has 38 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted WisdomTree price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||WisdomTree || |
WisdomTree has a best fit line with a correlation coefficient of 0.16. and coefficient of determination of 0.03. Note, that the company had not issued any dividends in recent years.