Use this graph to draw trend lines for Sonic Corp. You can use it to identify possible trend reversals for Sonic 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 Sonic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Sonic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Sonic Corp applied against its price change over selected period. The best fit line has a slop of 0.03 %
which means Sonic Corp will continue generating value for investors. It has 44 observation points and regression sum of squers of 1.38 which is sum of squared deviations of the predicted Sonic price change against its avarage change.
Sonic has a best fit line with a correlation coefficient of 0.62. and coefficient of determination of 0.39. Note, that about 89.0%
of the company shares are owned by institutional investors