Use this graph to draw trend lines for NISSAN CHEMICAL IND. You can use it to identify possible trend reversals for NISSAN 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 NISSAN price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
NISSAN Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NISSAN CHEMICAL IND applied against its price change over selected period. The best fit line has a slop of 0.33 %
which means NISSAN CHEMICAL IND will continue generating value for investors. It has 44 observation points and regression sum of squers of 194.81 which is sum of squared deviations of the predicted NISSAN price change against its avarage change.
NISSAN has a best fit line with a correlation coefficient of 0.42. and coefficient of determination of 0.18. Note, that the company had not issued any dividends in recent years.