Forth Public Stock Forecast - Polynomial Regression

FORTH Stock  THB 10.90  0.50  4.39%   
The Polynomial Regression forecasted value of Forth Public on the next trading day is expected to be 11.12 with a mean absolute deviation of 0.32 and the sum of the absolute errors of 19.37. Forth Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Forth Public stock prices and determine the direction of Forth Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Forth Public's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Forth Public polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Forth Public as well as the accuracy indicators are determined from the period prices.

Forth Public Polynomial Regression Price Forecast For the 5th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Forth Public on the next trading day is expected to be 11.12 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.16, and the sum of the absolute errors of 19.37.
Please note that although there have been many attempts to predict Forth 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 Forth Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Forth Public Stock Forecast Pattern

Backtest Forth PublicForth Public Price PredictionBuy or Sell Advice 

Forth Public Forecasted Value

In the context of forecasting Forth Public'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. Forth Public's downside and upside margins for the forecasting period are 8.17 and 14.06, respectively. We have considered Forth Public'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
10.90
11.12
Expected Value
14.06
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 Forth Public stock data series using in forecasting. Note that when a statistical model is used to represent Forth Public 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 Criteria116.2626
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3175
MAPEMean absolute percentage error0.0241
SAESum of the absolute errors19.3669
A single variable polynomial regression model attempts to put a curve through the Forth Public 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 Forth Public

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Forth Public. 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
8.5011.4014.30
Details
Intrinsic
Valuation
LowRealHigh
7.2910.1913.09
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.1911.6412.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Forth Public. Your research has to be compared to or analyzed against Forth Public's peers to derive any actionable benefits. When done correctly, Forth Public'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 Forth Public.

Other Forecasting Options for Forth Public

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

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

Forth Public 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 Forth Public'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 Forth Public's current price.

Forth Public Market Strength Events

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

Forth Public Risk Indicators

The analysis of Forth Public'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 Forth Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting forth 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 Forth Stock

Forth Public financial ratios help investors to determine whether Forth 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 Forth with respect to the benefits of owning Forth Public security.