Use this graph to draw trend lines for Guggenheim S P 500 Eq Wt Industrials. You can use it to identify possible trend reversals for Guggenheim 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 Guggenheim price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Guggenheim Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Guggenheim S P 500 Eq Wt Industrials applied against its price change over selected period. The best fit line has a slop of 0.28 %
which may imply that Guggenheim S P 500 Eq Wt Industrials will maintain its good market sentiment and make money for investors. It has 42 observation points and regression sum of squers of 123.45 which is sum of squared deviations of the predicted Guggenheim price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Guggenheim || |
Guggenheim has a best fit line with a correlation coefficient of 0.98. and coefficient of determination of 0.95. Note, that the company had not issued any dividends in recent years.