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Technical
R-Squared
Proportion of variance explained by the model/benchmark
Definition
R-squared measures how well a model explains data variation. In finance, it shows how closely a portfolio tracks its benchmark. Range: 0-1, where 1 indicates perfect correlation.
Related Topics
#correlation
#model fit
#benchmark tracking
#statistical measure
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Category: Technical
Technical analysis focuses on price patterns, chart analysis, and mathematical indicators to predict future price movements.
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