Use this graph to draw trend lines for Merck Co Inc. You can use it to identify possible trend reversals for Merck 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 Merck price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Merck Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Merck Co Inc applied against its price change over selected period. The best fit line has a slop of 0.11 %
which may imply that the returns on investment in Merck Co Inc will continue to fail. It has 42 observation points and regression sum of squers of 19.6 which is sum of squared deviations of the predicted Merck price change against its avarage change.
Merck has a best fit line with a correlation coefficient of -0.64. and coefficient of determination of 0.41. Note, that about 75.0%
of the company shares are owned by institutional investors