Daesung Private Stock Forecast - Simple Regression

027830 Stock  KRW 1,417  43.00  2.95%   
The Simple Regression forecasted value of Daesung Private Equity on the next trading day is expected to be 1,436 with a mean absolute deviation of 31.82 and the sum of the absolute errors of 1,973. Daesung Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daesung Private stock prices and determine the direction of Daesung Private Equity's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daesung Private's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Daesung Private price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Daesung Private Simple Regression Price Forecast For the 1st of December

Given 90 days horizon, the Simple Regression forecasted value of Daesung Private Equity on the next trading day is expected to be 1,436 with a mean absolute deviation of 31.82, mean absolute percentage error of 1,503, and the sum of the absolute errors of 1,973.
Please note that although there have been many attempts to predict Daesung Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Daesung Private's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Daesung Private Stock Forecast Pattern

Backtest Daesung PrivateDaesung Private Price PredictionBuy or Sell Advice 

Daesung Private Forecasted Value

In the context of forecasting Daesung Private's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Daesung Private's downside and upside margins for the forecasting period are 1,434 and 1,438, respectively. We have considered Daesung Private's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
1,417
1,436
Expected Value
1,438
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Daesung Private stock data series using in forecasting. Note that when a statistical model is used to represent Daesung Private stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria127.2634
BiasArithmetic mean of the errors None
MADMean absolute deviation31.8222
MAPEMean absolute percentage error0.0214
SAESum of the absolute errors1972.9776
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Daesung Private Equity historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Daesung Private

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daesung Private Equity. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
1,4151,4171,419
Details
Intrinsic
Valuation
LowRealHigh
1,3581,3601,559
Details
Bollinger
Band Projection (param)
LowMiddleHigh
1,3981,4371,477
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Daesung Private. Your research has to be compared to or analyzed against Daesung Private's peers to derive any actionable benefits. When done correctly, Daesung Private's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Daesung Private Equity.

Other Forecasting Options for Daesung Private

For every potential investor in Daesung, whether a beginner or expert, Daesung Private's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daesung Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daesung. Basic forecasting techniques help filter out the noise by identifying Daesung Private's price trends.

Daesung Private Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Daesung Private stock to make a market-neutral strategy. Peer analysis of Daesung Private could also be used in its relative valuation, which is a method of valuing Daesung Private by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Daesung Private Equity Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Daesung Private's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Daesung Private's current price.

Daesung Private Market Strength Events

Market strength indicators help investors to evaluate how Daesung Private stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daesung Private shares will generate the highest return on investment. By undertsting and applying Daesung Private stock market strength indicators, traders can identify Daesung Private Equity entry and exit signals to maximize returns.

Daesung Private Risk Indicators

The analysis of Daesung Private's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Daesung Private's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daesung stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with Daesung Private

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Daesung Private position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Daesung Private will appreciate offsetting losses from the drop in the long position's value.

Moving together with Daesung Stock

  0.73005935 Samsung ElectronicsPairCorr

Moving against Daesung Stock

  0.43032830 Samsung LifePairCorr
  0.37105560 KB Financial GroupPairCorr
  0.35024110 Industrial BankPairCorr
The ability to find closely correlated positions to Daesung Private could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daesung Private when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Daesung Private - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Daesung Private Equity to buy it.
The correlation of Daesung Private is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daesung Private moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daesung Private Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Daesung Private can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Daesung Stock

Daesung Private financial ratios help investors to determine whether Daesung Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Daesung with respect to the benefits of owning Daesung Private security.