Heat Oil Index Statistic Functions Beta

BCOMHO Index   548.20  7.64  1.37%   
Heat Oil statistic functions tool provides the execution environment for running the Beta function and other technical functions against Heat Oil. Heat Oil value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Heat Oil 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.

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Heat Oil correlated with the market. If Beta is less than 0 Heat Oil generally moves in the opposite direction as compared to the market. If Heat Oil Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Heat Oil is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Heat Oil is generally in the same direction as the market. If Beta > 1 Heat Oil moves generally in the same direction as, but more than the movement of the benchmark.

Heat Oil Technical Analysis Modules

Most technical analysis of Heat Oil help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Heat from various momentum indicators to cycle indicators. When you analyze Heat charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

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Note that the Heat Oil information on this page should be used as a complementary analysis to other Heat Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.