Use this graph to draw trend lines for Thor Industries Inc. You can use it to identify possible trend reversals for Thor 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 Thor price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Thor Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Thor Industries Inc applied against its price change over selected period. The best fit line has a slop of 0.27 %
which may imply that Thor Industries Inc will maintain its good market sentiment and make money for investors. It has 44 observation points and regression sum of squers of 131.3 which is sum of squared deviations of the predicted Thor price change against its avarage change.
Thor has a best fit line with a correlation coefficient of 0.92. and coefficient of determination of 0.84. Note, that about 16.0%
of the company outstanding shares are owned by corporate insiders