Benakat Petroleum Stock Forecast - Simple Regression

BIPI Stock  IDR 91.00  4.00  4.60%   
The Simple Regression forecasted value of Benakat Petroleum Energy on the next trading day is expected to be 79.33 with a mean absolute deviation of 3.60 and the sum of the absolute errors of 219.69. Benakat 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 Benakat Petroleum 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.

Benakat Petroleum Simple Regression Price Forecast For the 5th of December

Given 90 days horizon, the Simple Regression forecasted value of Benakat Petroleum Energy on the next trading day is expected to be 79.33 with a mean absolute deviation of 3.60, mean absolute percentage error of 27.16, and the sum of the absolute errors of 219.69.
Please note that although there have been many attempts to predict Benakat 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 Benakat Petroleum's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Benakat Petroleum Stock Forecast Pattern

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Benakat Petroleum Forecasted Value

In the context of forecasting Benakat Petroleum'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. Benakat Petroleum's downside and upside margins for the forecasting period are 74.09 and 84.58, respectively. We have considered Benakat Petroleum'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
91.00
79.33
Expected Value
84.58
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 Benakat Petroleum stock data series using in forecasting. Note that when a statistical model is used to represent Benakat Petroleum 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 Criteria121.4124
BiasArithmetic mean of the errors None
MADMean absolute deviation3.6015
MAPEMean absolute percentage error0.0484
SAESum of the absolute errors219.6897
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 Benakat Petroleum Energy 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 Benakat Petroleum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Benakat Petroleum Energy. 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
81.7587.0092.25
Details
Intrinsic
Valuation
LowRealHigh
63.2168.4695.70
Details
Bollinger
Band Projection (param)
LowMiddleHigh
70.9277.2883.65
Details

Other Forecasting Options for Benakat Petroleum

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

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

Benakat Petroleum Energy 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 Benakat Petroleum'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 Benakat Petroleum's current price.

Benakat Petroleum Market Strength Events

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

Benakat Petroleum Risk Indicators

The analysis of Benakat Petroleum'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 Benakat Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting benakat 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 Benakat Stock

Benakat Petroleum financial ratios help investors to determine whether Benakat 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 Benakat with respect to the benefits of owning Benakat Petroleum security.