Use this graph to draw trend lines for Web Group Inc. You can use it to identify possible trend reversals for Web Group 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 Web Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Web Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Web Group Inc applied against its price change over selected period. The best fit line has a slop of 0.23 %
which means Web Group Inc will continue generating value for investors. It has 44 observation points and regression sum of squers of 91.23 which is sum of squared deviations of the predicted Web Group price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Web Group || |
Web Group has a best fit line with a correlation coefficient of 0.95. and coefficient of determination of 0.9. Note, that about 16.0%
of the company outstanding shares are owned by insiders