Kothari Petrochemicals Stock Forecast - Polynomial Regression

KOTHARIPET   210.43  2.52  1.21%   
The Polynomial Regression forecasted value of Kothari Petrochemicals Limited on the next trading day is expected to be 223.16 with a mean absolute deviation of 7.41 and the sum of the absolute errors of 451.71. Kothari Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Kothari Petrochemicals' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Kothari Petrochemicals' Cash is increasing as compared to previous years. The Kothari Petrochemicals' current Non Currrent Assets Other is estimated to increase to about 221.7 M, while Other Current Liabilities is projected to decrease to under 75 M.
Kothari Petrochemicals polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Kothari Petrochemicals Limited as well as the accuracy indicators are determined from the period prices.

Kothari Petrochemicals Polynomial Regression Price Forecast For the 17th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Kothari Petrochemicals Limited on the next trading day is expected to be 223.16 with a mean absolute deviation of 7.41, mean absolute percentage error of 80.27, and the sum of the absolute errors of 451.71.
Please note that although there have been many attempts to predict Kothari 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 Kothari Petrochemicals' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Kothari Petrochemicals Stock Forecast Pattern

Backtest Kothari PetrochemicalsKothari Petrochemicals Price PredictionBuy or Sell Advice 

Kothari Petrochemicals Forecasted Value

In the context of forecasting Kothari Petrochemicals' 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. Kothari Petrochemicals' downside and upside margins for the forecasting period are 220.12 and 226.19, respectively. We have considered Kothari Petrochemicals' 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
210.43
220.12
Downside
223.16
Expected Value
226.19
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 Kothari Petrochemicals stock data series using in forecasting. Note that when a statistical model is used to represent Kothari Petrochemicals 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 Criteria122.496
BiasArithmetic mean of the errors None
MADMean absolute deviation7.4052
MAPEMean absolute percentage error0.0349
SAESum of the absolute errors451.7146
A single variable polynomial regression model attempts to put a curve through the Kothari Petrochemicals 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 Kothari Petrochemicals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kothari Petrochemicals. 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
207.47210.51213.55
Details
Intrinsic
Valuation
LowRealHigh
208.43211.47214.51
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kothari Petrochemicals. Your research has to be compared to or analyzed against Kothari Petrochemicals' peers to derive any actionable benefits. When done correctly, Kothari Petrochemicals' 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 Kothari Petrochemicals.

Other Forecasting Options for Kothari Petrochemicals

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

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

Kothari Petrochemicals 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 Kothari Petrochemicals' 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 Kothari Petrochemicals' current price.

Kothari Petrochemicals Market Strength Events

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

Kothari Petrochemicals Risk Indicators

The analysis of Kothari Petrochemicals' 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 Kothari Petrochemicals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kothari 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.

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.

Other Information on Investing in Kothari Stock

Kothari Petrochemicals financial ratios help investors to determine whether Kothari 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 Kothari with respect to the benefits of owning Kothari Petrochemicals security.