LKQ Stock Forecast - Simple Regression | LKQ1.F

LKQ Stock Forecast - Simple Regression

LKQ1 Stock  EUR 35.40  0.00  0.00%   
The Simple Regression forecasted value of LKQ Corporation on the next trading day is expected to be 36.41 with a mean absolute deviation of 0.82 and the sum of the absolute errors of 50.17. LKQ Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of LKQ's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through LKQ 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.

LKQ Simple Regression Price Forecast For the 30th of December

Given 90 days horizon, the Simple Regression forecasted value of LKQ Corporation on the next trading day is expected to be 36.41 with a mean absolute deviation of 0.82, mean absolute percentage error of 0.91, and the sum of the absolute errors of 50.17.
Please note that although there have been many attempts to predict LKQ 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 LKQ's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

LKQ Stock Forecast Pattern

JavaScript chart by amCharts 3.21.15Oct 10Oct 18Oct 28Nov 5Nov 13Nov 21Nov 29Dec 9Dec 17Dec 2934353637
JavaScript chart by amCharts 3.21.15LKQ Corporation LKQ Corporation forecast
Backtest LKQLKQ Price PredictionBuy or Sell Advice 

LKQ Forecasted Value

In the context of forecasting LKQ'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. LKQ's downside and upside margins for the forecasting period are 34.87 and 37.95, respectively. We have considered LKQ'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
35.40
36.41
Expected Value
37.95
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 LKQ stock data series using in forecasting. Note that when a statistical model is used to represent LKQ 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 Criteria118.0184
BiasArithmetic mean of the errors None
MADMean absolute deviation0.8225
MAPEMean absolute percentage error0.0231
SAESum of the absolute errors50.1742
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 LKQ Corporation 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 LKQ

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LKQ Corporation. 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
33.8635.4036.94
Details
Intrinsic
Valuation
LowRealHigh
33.9935.5337.07
Details

Other Forecasting Options for LKQ

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

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

LKQ Corporation 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 LKQ'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 LKQ's current price.

LKQ Market Strength Events

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

LKQ Risk Indicators

The analysis of LKQ'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 LKQ's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lkq 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.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in LKQ Stock

When determining whether LKQ Corporation is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if LKQ Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Lkq Corporation Stock. Highlighted below are key reports to facilitate an investment decision about Lkq Corporation Stock:
Check out Historical Fundamental Analysis of LKQ to cross-verify your projections.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Please note, there is a significant difference between LKQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if LKQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LKQ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Trending Assets

CON
Continental Aktiengesellscha
64.68  0.00  0.00 
DNO
Dno ASA
13.26  0.00  0.00 
DNOA
DENSO P ADR
13.10  0.00  0.00 
D7A
Aptiv PLC
54.87  0.00  0.00 
News Freq…Investor S…