Use this graph to draw trend lines for ReachLocal Inc. You can use it to identify possible trend reversals for ReachLocal 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 ReachLocal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ReachLocal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ReachLocal Inc applied against its price change over selected period. The best fit line has a slop of 0.02 %
which may suggest that ReachLocal Inc market price will keep on failing further. It has 40 observation points and regression sum of squers of 0.59 which is sum of squared deviations of the predicted ReachLocal price change against its avarage change.
|Price Growth (%) |
|ReachLocal || ||Prediction Trend || |
ReachLocal has a best fit line with a correlation coefficient of -0.73. and coefficient of determination of 0.53. Note, that about 54.0%
of the company outstanding shares are owned by corporate insiders