Use this graph to draw trend lines for iShares Dow Jones US Index. You can use it to identify possible trend reversals for iShares 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 iShares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
iShares Best Fit Change Line
The following chart estimates an ordinary least squares regression model for iShares Dow Jones US Index applied against its price change over selected period. The best fit line has a slop of 0.25 %
which may imply that iShares Dow Jones US Index will maintain its good market sentiment and make money for investors. It has 44 observation points and regression sum of squers of 111.64 which is sum of squared deviations of the predicted iShares price change against its avarage change.
iShares has a best fit line with a correlation coefficient of 0.97. and coefficient of determination of 0.95. Note, that the company has price-to-book (p/b) ratio of 1.96.