Use this graph to draw trend lines for Philip Morris International Inc. You can use it to identify possible trend reversals for Philip 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 Philip price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Philip Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Philip Morris International Inc applied against its price change over selected period. The best fit line has a slop of 0.42 %
which may indicate that the price for Philip Morris International Inc will continue to decline. It has 34 observation points and regression sum of squers of 145.39 which is sum of squared deviations of the predicted Philip price change against its avarage change.
Philip has a best fit line with a correlation coefficient of -0.85. and coefficient of determination of 0.72. Note, that the company has price/earnings to growth (peg) ratio of 2.15.