Use this graph to draw trend lines for US Ecology Inc. You can use it to identify possible trend reversals for US Ecology 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 US Ecology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
US Ecology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for US Ecology Inc applied against its price change over selected period. The best fit line has a slop of 0.15 %
which means US Ecology Inc will continue generating value for investors. It has 44 observation points and regression sum of squers of 40.57 which is sum of squared deviations of the predicted US Ecology price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||US Ecology || |
US Ecology has a best fit line with a correlation coefficient of 0.96. and coefficient of determination of 0.92. Note, that about 64.0%
of the company shares are held by institutions