Grandblue Environment Stock Forecast - Polynomial Regression

600323 Stock   22.65  0.46  1.99%   
The Polynomial Regression forecasted value of Grandblue Environment Co on the next trading day is expected to be 23.98 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 19.87. Grandblue Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Grandblue Environment stock prices and determine the direction of Grandblue Environment Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Grandblue Environment's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Grandblue Environment's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 669.9 M, whereas Inventory is forecasted to decline to about 124.6 M.
Grandblue Environment polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Grandblue Environment Co as well as the accuracy indicators are determined from the period prices.

Grandblue Environment Polynomial Regression Price Forecast For the 24th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Grandblue Environment Co on the next trading day is expected to be 23.98 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.16, and the sum of the absolute errors of 19.87.
Please note that although there have been many attempts to predict Grandblue 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 Grandblue Environment's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Grandblue Environment Stock Forecast Pattern

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Grandblue Environment Forecasted Value

In the context of forecasting Grandblue Environment'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. Grandblue Environment's downside and upside margins for the forecasting period are 22.15 and 25.80, respectively. We have considered Grandblue Environment'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
22.65
23.98
Expected Value
25.80
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Grandblue Environment stock data series using in forecasting. Note that when a statistical model is used to represent Grandblue Environment 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 Criteria116.3074
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3257
MAPEMean absolute percentage error0.0147
SAESum of the absolute errors19.8651
A single variable polynomial regression model attempts to put a curve through the Grandblue Environment historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Grandblue Environment

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Grandblue Environment. 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
20.6322.4624.29
Details
Intrinsic
Valuation
LowRealHigh
22.4124.2426.07
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.360.390.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Grandblue Environment. Your research has to be compared to or analyzed against Grandblue Environment's peers to derive any actionable benefits. When done correctly, Grandblue Environment'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 Grandblue Environment.

Other Forecasting Options for Grandblue Environment

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

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

Grandblue Environment 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 Grandblue Environment'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 Grandblue Environment's current price.

Grandblue Environment Market Strength Events

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

Grandblue Environment Risk Indicators

The analysis of Grandblue Environment'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 Grandblue Environment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting grandblue 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Grandblue Stock

Grandblue Environment financial ratios help investors to determine whether Grandblue 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 Grandblue with respect to the benefits of owning Grandblue Environment security.