Nahar Poly Stock Forecast - Polynomial Regression

NAHARPOLY   286.30  1.45  0.50%   
The Polynomial Regression forecasted value of Nahar Poly Films on the next trading day is expected to be 297.17 with a mean absolute deviation of 6.37 and the sum of the absolute errors of 388.28. Nahar Stock Forecast is based on your current time horizon. Although Nahar Poly's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nahar Poly's systematic risk associated with finding meaningful patterns of Nahar Poly fundamentals over time.
  
At this time, Nahar Poly's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 4th of December 2024, Retained Earnings is likely to grow to about 4.2 B, while Total Assets are likely to drop about 9.1 B.
Nahar Poly polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Nahar Poly Films as well as the accuracy indicators are determined from the period prices.

Nahar Poly Polynomial Regression Price Forecast For the 5th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Nahar Poly Films on the next trading day is expected to be 297.17 with a mean absolute deviation of 6.37, mean absolute percentage error of 55.76, and the sum of the absolute errors of 388.28.
Please note that although there have been many attempts to predict Nahar 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 Nahar Poly's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nahar Poly Stock Forecast Pattern

Backtest Nahar PolyNahar Poly Price PredictionBuy or Sell Advice 

Nahar Poly Forecasted Value

In the context of forecasting Nahar Poly'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. Nahar Poly's downside and upside margins for the forecasting period are 294.68 and 299.65, respectively. We have considered Nahar Poly'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
286.30
294.68
Downside
297.17
Expected Value
299.65
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 Nahar Poly stock data series using in forecasting. Note that when a statistical model is used to represent Nahar Poly 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 Criteria122.1315
BiasArithmetic mean of the errors None
MADMean absolute deviation6.3652
MAPEMean absolute percentage error0.0256
SAESum of the absolute errors388.2759
A single variable polynomial regression model attempts to put a curve through the Nahar Poly 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 Nahar Poly

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nahar Poly Films. 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
283.56286.05288.54
Details
Intrinsic
Valuation
LowRealHigh
268.88271.37314.93
Details
Bollinger
Band Projection (param)
LowMiddleHigh
259.56271.84284.11
Details

Other Forecasting Options for Nahar Poly

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

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

Nahar Poly Films 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 Nahar Poly'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 Nahar Poly's current price.

Nahar Poly Market Strength Events

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

Nahar Poly Risk Indicators

The analysis of Nahar Poly'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 Nahar Poly's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nahar 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 Nahar Stock

Nahar Poly financial ratios help investors to determine whether Nahar 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 Nahar with respect to the benefits of owning Nahar Poly security.