Use this graph to draw trend lines for Trimble Navigation Limited. You can use it to identify possible trend reversals for Trimble 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 Trimble price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Trimble Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Trimble Navigation Limited applied against its price change over selected period. The best fit line has a slop of 0.07 %
which means Trimble Navigation Limited will continue generating value for investors. It has 44 observation points and regression sum of squers of 9.21 which is sum of squared deviations of the predicted Trimble price change against its avarage change.
Trimble has a best fit line with a correlation coefficient of 0.55. and coefficient of determination of 0.3. Note, that about 94.0%
of the company shares are owned by institutional investors