Baltic Panamax Index Forecast - Polynomial Regression

BPNI Index   1,053  76.00  7.78%   
The Polynomial Regression forecasted value of Baltic Panamax on the next trading day is expected to be 1,001 with a mean absolute deviation of 36.52 and the sum of the absolute errors of 2,228. Investors can use prediction functions to forecast Baltic Panamax's index prices and determine the direction of Baltic Panamax's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
Baltic Panamax polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Baltic Panamax as well as the accuracy indicators are determined from the period prices.

Baltic Panamax Polynomial Regression Price Forecast For the 18th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Baltic Panamax on the next trading day is expected to be 1,001 with a mean absolute deviation of 36.52, mean absolute percentage error of 1,860, and the sum of the absolute errors of 2,228.
Please note that although there have been many attempts to predict Baltic Index 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 Baltic Panamax's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Baltic Panamax Index Forecast Pattern

Baltic Panamax Forecasted Value

In the context of forecasting Baltic Panamax's Index 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. Baltic Panamax's downside and upside margins for the forecasting period are 999.25 and 1,002, respectively. We have considered Baltic Panamax'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
1,053
999.25
Downside
1,001
Expected Value
1,002
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 Baltic Panamax index data series using in forecasting. Note that when a statistical model is used to represent Baltic Panamax index, 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 Criteria125.6386
BiasArithmetic mean of the errors None
MADMean absolute deviation36.5218
MAPEMean absolute percentage error0.0299
SAESum of the absolute errors2227.828
A single variable polynomial regression model attempts to put a curve through the Baltic Panamax 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 Baltic Panamax

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Baltic Panamax. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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 Baltic Panamax

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

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

Baltic Panamax Technical and Predictive Analytics

The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Baltic Panamax'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 Baltic Panamax's current price.

Baltic Panamax Market Strength Events

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

Baltic Panamax Risk Indicators

The analysis of Baltic Panamax'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 Baltic Panamax's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting baltic index 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.