Use this graph to draw trend lines for Metro Holdings Limited. You can use it to identify possible trend reversals for Metro 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 Metro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Metro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Metro Holdings Limited applied against its price change over selected period. The best fit line has a slop of 0.0046 %
which means Metro Holdings Limited will continue generating value for investors. It has 34 observation points and regression sum of squers of 0.02 which is sum of squared deviations of the predicted Metro price change against its avarage change.
Metro has a best fit line with a correlation coefficient of 0.84. and coefficient of determination of 0.7. Note, that the company has price-to-book ratio of 0.68.