Use this graph to draw trend lines for Tucows Inc. You can use it to identify possible trend reversals for Tucows 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 Tucows price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Tucows Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tucows Inc applied against its price change over selected period. The best fit line has a slop of 0.0055 %
which may suggest that Tucows Inc market price will keep on failing further. It has 38 observation points and regression sum of squers of 0.03 which is sum of squared deviations of the predicted Tucows price change against its avarage change.
Tucows has a best fit line with a correlation coefficient of -0.34. and coefficient of determination of 0.12. Note, that book value of the company was at this time as 0.6.