Use this graph to draw trend lines for Chemical Mining Co of Chile Inc. You can use it to identify possible trend reversals for Chemical 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 Chemical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Chemical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Chemical Mining Co of Chile Inc applied against its price change over selected period. The best fit line has a slop of 0.21 %
which may imply that the returns on investment in Chemical Mining Co of Chile Inc will continue to fail. It has 36 observation points and regression sum of squers of 41.42 which is sum of squared deviations of the predicted Chemical price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Chemical || |
Chemical has a best fit line with a correlation coefficient of -0.84. and coefficient of determination of 0.7. Note, that book value of the company was at this time as 8.92.