Use this graph to draw trend lines for Stryker Corporation. You can use it to identify possible trend reversals for Stryker 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 Stryker price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Stryker Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Stryker Corporation applied against its price change over selected period. The best fit line has a slop of 0.04 %
which may imply that Stryker Corporation will maintain its good market sentiment and make money for investors. It has 42 observation points and regression sum of squers of 2.6 which is sum of squared deviations of the predicted Stryker price change against its avarage change.
Stryker has a best fit line with a correlation coefficient of 0.48. and coefficient of determination of 0.23. Note, that about 19.0%
of the company outstanding shares are owned by corporate insiders