Meshek Energy Stock Forecast - Polynomial Regression

MSKE Stock  ILA 195.30  6.90  3.41%   
The Polynomial Regression forecasted value of Meshek Energy Renewable Energies on the next trading day is expected to be 189.58 with a mean absolute deviation of 13.64 and the sum of the absolute errors of 832.14. Meshek Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Meshek Energy stock prices and determine the direction of Meshek Energy Renewable Energies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Meshek Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Meshek Energy polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Meshek Energy Renewable Energies as well as the accuracy indicators are determined from the period prices.

Meshek Energy Polynomial Regression Price Forecast For the 15th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Meshek Energy Renewable Energies on the next trading day is expected to be 189.58 with a mean absolute deviation of 13.64, mean absolute percentage error of 282.30, and the sum of the absolute errors of 832.14.
Please note that although there have been many attempts to predict Meshek 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 Meshek Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Meshek Energy Stock Forecast Pattern

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Meshek Energy Forecasted Value

In the context of forecasting Meshek Energy'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. Meshek Energy's downside and upside margins for the forecasting period are 185.54 and 193.63, respectively. We have considered Meshek Energy'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
195.30
185.54
Downside
189.58
Expected Value
193.63
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 Meshek Energy stock data series using in forecasting. Note that when a statistical model is used to represent Meshek Energy 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 Criteria123.7535
BiasArithmetic mean of the errors None
MADMean absolute deviation13.6416
MAPEMean absolute percentage error0.066
SAESum of the absolute errors832.1361
A single variable polynomial regression model attempts to put a curve through the Meshek Energy 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 Meshek Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Meshek Energy Renewable. 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
191.25195.30199.35
Details
Intrinsic
Valuation
LowRealHigh
169.18173.23214.83
Details
Bollinger
Band Projection (param)
LowMiddleHigh
188.01208.61229.22
Details

Other Forecasting Options for Meshek Energy

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

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

Meshek Energy Renewable 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 Meshek Energy'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 Meshek Energy's current price.

Meshek Energy Market Strength Events

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

Meshek Energy Risk Indicators

The analysis of Meshek Energy'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 Meshek Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting meshek 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 Meshek Stock

Meshek Energy financial ratios help investors to determine whether Meshek 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 Meshek with respect to the benefits of owning Meshek Energy security.