Pelayaran Nasional Stock Forecast - Polynomial Regression
| BBRM Stock | IDR 80.00 1.00 1.23% |
The Polynomial Regression forecasted value of Pelayaran Nasional Bina on the next trading day is expected to be 83.48 with a mean absolute deviation of 2.10 and the sum of the absolute errors of 128.38. Pelayaran Stock Forecast is based on your current time horizon.
Pelayaran |
Pelayaran Nasional Polynomial Regression Price Forecast For the 17th of December 2024
Given 90 days horizon, the Polynomial Regression forecasted value of Pelayaran Nasional Bina on the next trading day is expected to be 83.48 with a mean absolute deviation of 2.10, mean absolute percentage error of 5.81, and the sum of the absolute errors of 128.38.Please note that although there have been many attempts to predict Pelayaran 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 Pelayaran Nasional's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pelayaran Nasional Stock Forecast Pattern
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Pelayaran Nasional Forecasted Value
In the context of forecasting Pelayaran Nasional'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. Pelayaran Nasional's downside and upside margins for the forecasting period are 81.19 and 85.76, respectively. We have considered Pelayaran Nasional'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.
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 Pelayaran Nasional stock data series using in forecasting. Note that when a statistical model is used to represent Pelayaran Nasional 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.| AIC | Akaike Information Criteria | 119.8704 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.1046 |
| MAPE | Mean absolute percentage error | 0.0244 |
| SAE | Sum of the absolute errors | 128.3779 |
Predictive Modules for Pelayaran Nasional
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pelayaran Nasional Bina. 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.Other Forecasting Options for Pelayaran Nasional
For every potential investor in Pelayaran, whether a beginner or expert, Pelayaran Nasional's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pelayaran Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pelayaran. Basic forecasting techniques help filter out the noise by identifying Pelayaran Nasional's price trends.Pelayaran Nasional 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 Pelayaran Nasional stock to make a market-neutral strategy. Peer analysis of Pelayaran Nasional could also be used in its relative valuation, which is a method of valuing Pelayaran Nasional by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pelayaran Nasional Bina 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 Pelayaran Nasional'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 Pelayaran Nasional's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pelayaran Nasional Market Strength Events
Market strength indicators help investors to evaluate how Pelayaran Nasional stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pelayaran Nasional shares will generate the highest return on investment. By undertsting and applying Pelayaran Nasional stock market strength indicators, traders can identify Pelayaran Nasional Bina entry and exit signals to maximize returns.
Pelayaran Nasional Risk Indicators
The analysis of Pelayaran Nasional'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 Pelayaran Nasional's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pelayaran 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.
| Mean Deviation | 1.69 | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.35 |
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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Pelayaran Nasional financial ratios help investors to determine whether Pelayaran 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 Pelayaran with respect to the benefits of owning Pelayaran Nasional security.