In connection with Fundamental Indicators
, Macroaxis technical analysis interface lets you check existing technical drivers of Nexen Inc as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers
for Nexen which can be compared to its peers in the industry. Please verify Nexen Inc Coefficient Of Variation
as well as the relationship
between Treynor Ratio
and Semi Variance
to decide if Nexen Inc is priced some-what accurately providing market reflects its recent price of 28.29 per share. Use Nexen Inc (#2172219CA) technical analysis together with your other stock asset holdings to enhance returns of your portfolios as well as to check it against diversification policy that fits your risk preferences.
Use this graph to draw trend lines for Nexen Inc. You can use it to identify possible trend reversals for Nexen 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 Nexen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Nexen Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nexen Inc applied against its price change over selected period. The best fit line has a slop of ? %
. It has 0 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted Nexen price change against its avarage change.
Nexen has a best fit line with a correlation coefficient of 0.0. and coefficient of determination of 0.0. Note, that the company has price-to-book ratio of 1.73.