Use this graph to draw trend lines for FreightCar America Inc. You can use it to identify possible trend reversals for FreightCar 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 FreightCar price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
FreightCar Best Fit Change Line
The following chart estimates an ordinary least squares regression model for FreightCar America Inc applied against its price change over selected period. The best fit line has a slop of 0.21 %
which may suggest that FreightCar America Inc market price will keep on failing further. It has 42 observation points and regression sum of squers of 69.44 which is sum of squared deviations of the predicted FreightCar price change against its avarage change.
|Price Growth (%) |
|FreightCar || ||Prediction Trend || |
FreightCar has a best fit line with a correlation coefficient of -0.93. and coefficient of determination of 0.87. Note, that about 92.0%
of the company shares are owned by institutional investors