Mitake Information Stock Forecast - Simple Regression

8284 Stock  TWD 66.60  0.10  0.15%   
The Simple Regression forecasted value of Mitake Information on the next trading day is expected to be 65.90 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 43.79. Mitake Stock Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Mitake Information 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.

Mitake Information Simple Regression Price Forecast For the 2nd of December

Given 90 days horizon, the Simple Regression forecasted value of Mitake Information on the next trading day is expected to be 65.90 with a mean absolute deviation of 0.72, mean absolute percentage error of 0.75, and the sum of the absolute errors of 43.79.
Please note that although there have been many attempts to predict Mitake 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 Mitake Information's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mitake Information Stock Forecast Pattern

Backtest Mitake InformationMitake Information Price PredictionBuy or Sell Advice 

Mitake Information Forecasted Value

In the context of forecasting Mitake Information'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. Mitake Information's downside and upside margins for the forecasting period are 65.26 and 66.53, respectively. We have considered Mitake Information'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
66.60
65.90
Expected Value
66.53
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 Mitake Information stock data series using in forecasting. Note that when a statistical model is used to represent Mitake Information 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 Criteria117.8211
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7178
MAPEMean absolute percentage error0.0112
SAESum of the absolute errors43.7872
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 Mitake Information 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 Mitake Information

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mitake Information. 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
65.9766.6067.23
Details
Intrinsic
Valuation
LowRealHigh
60.5261.1573.26
Details
Bollinger
Band Projection (param)
LowMiddleHigh
66.3666.6967.02
Details

Other Forecasting Options for Mitake Information

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

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

Mitake Information 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 Mitake Information'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 Mitake Information's current price.

Mitake Information Market Strength Events

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

Mitake Information Risk Indicators

The analysis of Mitake Information'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 Mitake Information's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mitake 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 Mitake Information

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 Mitake Information 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 Mitake Information will appreciate offsetting losses from the drop in the long position's value.

Moving against Mitake Stock

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The ability to find closely correlated positions to Mitake Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitake Information 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 Mitake Information - 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 Mitake Information to buy it.
The correlation of Mitake Information 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 Mitake Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitake Information 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 Mitake Information 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

Additional Tools for Mitake Stock Analysis

When running Mitake Information's price analysis, check to measure Mitake Information's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mitake Information is operating at the current time. Most of Mitake Information's value examination focuses on studying past and present price action to predict the probability of Mitake Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitake Information's price. Additionally, you may evaluate how the addition of Mitake Information to your portfolios can decrease your overall portfolio volatility.