Iris Clothings Stock Forecast - Simple Regression
| IRISDOREME | 63.68 1.12 1.73% |
The Simple Regression forecasted value of Iris Clothings Limited on the next trading day is expected to be 62.69 with a mean absolute deviation of 1.38 and the sum of the absolute errors of 84.12. Iris Stock Forecast is based on your current time horizon. Although Iris Clothings' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Iris Clothings' systematic risk associated with finding meaningful patterns of Iris Clothings fundamentals over time.
Iris |
Iris Clothings Simple Regression Price Forecast For the 30th of November
Given 90 days horizon, the Simple Regression forecasted value of Iris Clothings Limited on the next trading day is expected to be 62.69 with a mean absolute deviation of 1.38, mean absolute percentage error of 2.93, and the sum of the absolute errors of 84.12.Please note that although there have been many attempts to predict Iris 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 Iris Clothings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Iris Clothings Stock Forecast Pattern
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Iris Clothings Forecasted Value
In the context of forecasting Iris Clothings' 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. Iris Clothings' downside and upside margins for the forecasting period are 60.65 and 64.73, respectively. We have considered Iris Clothings' 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Iris Clothings stock data series using in forecasting. Note that when a statistical model is used to represent Iris Clothings 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 | 119.1866 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.379 |
| MAPE | Mean absolute percentage error | 0.0201 |
| SAE | Sum of the absolute errors | 84.116 |
Predictive Modules for Iris Clothings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iris Clothings. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iris Clothings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Iris Clothings
For every potential investor in Iris, whether a beginner or expert, Iris Clothings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Iris Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Iris. Basic forecasting techniques help filter out the noise by identifying Iris Clothings' price trends.Iris Clothings 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 Iris Clothings stock to make a market-neutral strategy. Peer analysis of Iris Clothings could also be used in its relative valuation, which is a method of valuing Iris Clothings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Iris Clothings 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 Iris Clothings' 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 Iris Clothings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Iris Clothings Market Strength Events
Market strength indicators help investors to evaluate how Iris Clothings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Iris Clothings shares will generate the highest return on investment. By undertsting and applying Iris Clothings stock market strength indicators, traders can identify Iris Clothings Limited entry and exit signals to maximize returns.
| Accumulation Distribution | 2430.95 | |||
| Daily Balance Of Power | (0.51) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 64.4 | |||
| Day Typical Price | 64.16 | |||
| Price Action Indicator | (1.28) | |||
| Period Momentum Indicator | (1.12) |
Iris Clothings Risk Indicators
The analysis of Iris Clothings' 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 Iris Clothings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting iris 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 | 1.51 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.1 |
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.Additional Tools for Iris Stock Analysis
When running Iris Clothings' price analysis, check to measure Iris Clothings' 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 Iris Clothings is operating at the current time. Most of Iris Clothings' value examination focuses on studying past and present price action to predict the probability of Iris Clothings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iris Clothings' price. Additionally, you may evaluate how the addition of Iris Clothings to your portfolios can decrease your overall portfolio volatility.