NBTM New Stock Forecast - Simple Regression

600114 Stock   16.49  0.46  2.87%   
The Simple Regression forecasted value of NBTM New Materials on the next trading day is expected to be 16.88 with a mean absolute deviation of 0.96 and the sum of the absolute errors of 58.76. NBTM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NBTM New stock prices and determine the direction of NBTM New Materials's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NBTM New's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, NBTM New's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 833.9 M, whereas Other Current Liabilities is forecasted to decline to about 551.4 K.
Simple Regression model is a single variable regression model that attempts to put a straight line through NBTM New 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.

NBTM New Simple Regression Price Forecast For the 25th of December

Given 90 days horizon, the Simple Regression forecasted value of NBTM New Materials on the next trading day is expected to be 16.88 with a mean absolute deviation of 0.96, mean absolute percentage error of 1.46, and the sum of the absolute errors of 58.76.
Please note that although there have been many attempts to predict NBTM 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 NBTM New's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

NBTM New Stock Forecast Pattern

Backtest NBTM NewNBTM New Price PredictionBuy or Sell Advice 

NBTM New Forecasted Value

In the context of forecasting NBTM New'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. NBTM New's downside and upside margins for the forecasting period are 13.33 and 20.43, respectively. We have considered NBTM New'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
16.49
16.88
Expected Value
20.43
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 NBTM New stock data series using in forecasting. Note that when a statistical model is used to represent NBTM New 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 Criteria118.4898
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9633
MAPEMean absolute percentage error0.0579
SAESum of the absolute errors58.7642
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 NBTM New Materials 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 NBTM New

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NBTM New Materials. 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
12.4015.9519.50
Details
Intrinsic
Valuation
LowRealHigh
12.6116.1619.71
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Other Forecasting Options for NBTM New

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

NBTM New 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 NBTM New stock to make a market-neutral strategy. Peer analysis of NBTM New could also be used in its relative valuation, which is a method of valuing NBTM New by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

NBTM New Materials 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 NBTM New'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 NBTM New's current price.

NBTM New Market Strength Events

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

NBTM New Risk Indicators

The analysis of NBTM New'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 NBTM New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nbtm 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.

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Other Information on Investing in NBTM Stock

NBTM New financial ratios help investors to determine whether NBTM 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 NBTM with respect to the benefits of owning NBTM New security.