Time Series Trend Analysis
Use this graph to draw trend lines for Spentex Industries Limited. You can use it to identify possible trend reversals for Spentex 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 Spentex price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Spentex Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Spentex Industries Limited applied against its price change over selected period. The best fit line has a slop of 0.01 % which may suggest that Spentex Industries Limited market price will keep on failing further. It has 38 observation points and regression sum of squers of 0.12 which is sum of squared deviations of the predicted Spentex price change against its avarage change. Spentex has a best fit line with a correlation coefficient of -0.47. and coefficient of determination of 0.22. Note, that the company has price-to-book ratio of 0.12.
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