Use this graph to draw trend lines for Immunotec Inc. You can use it to identify possible trend reversals for Immunotec 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 Immunotec price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Immunotec Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Immunotec Inc applied against its price change over selected period. The best fit line has a slop of 0.0006 %
which means Immunotec Inc will continue generating value for investors. It has 42 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Immunotec price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Immunotec || |
Immunotec has a best fit line with a correlation coefficient of 0.62. and coefficient of determination of 0.38. Note, that the company has price-to-book (p/b) ratio of 1.02.