Use this graph to draw trend lines for Silicon Motion Technology Corp. You can use it to identify possible trend reversals for Silicon 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 Silicon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Silicon Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Silicon Motion Technology Corp applied against its price change over selected period. The best fit line has a slop of 0.0051 %
which means Silicon Motion Technology Corp will continue generating value for investors. It has 44 observation points and regression sum of squers of 0.05 which is sum of squared deviations of the predicted Silicon price change against its avarage change.
Silicon has a best fit line with a correlation coefficient of 0.15. and coefficient of determination of 0.02. Note, that the company has price-to-book ratio of 1.52.