|AORD -- Australia Index|| |
6,614 41.70 0.63%
All Ords statistic-functions tool provides you with the Statistic Functions execution environment for running Beta function against All Ords. All Ords statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
The output start index for this execution was twelve with a total number of output elements of twenty-seven. The Beta measures systematic risk based on how returns on All Ords correlated with the market. If Beta is less than 0 All Ords generally moves in the opposite direction as compared to the market. If All Ords Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one All Ords is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of All Ords is generally in the same direction as the market. If Beta > 1 All Ords moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis
or get more info about beta
statistic functions indicator.