Nestle India Stock Forecast - Polynomial Regression

NESTLEIND   2,224  16.95  0.76%   
The Polynomial Regression forecasted value of Nestle India Limited on the next trading day is expected to be 2,328 with a mean absolute deviation of 48.86 and the sum of the absolute errors of 3,030. Nestle Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Nestle India's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Nestle India's Accounts Payable is increasing as compared to previous years. The Nestle India's current Cash is estimated to increase to about 11.1 B, while Total Assets are projected to decrease to under 57.1 B.
Nestle India polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Nestle India Limited as well as the accuracy indicators are determined from the period prices.

Nestle India Polynomial Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Nestle India Limited on the next trading day is expected to be 2,328 with a mean absolute deviation of 48.86, mean absolute percentage error of 3,625, and the sum of the absolute errors of 3,030.
Please note that although there have been many attempts to predict Nestle 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 Nestle India's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nestle India Stock Forecast Pattern

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Nestle India Forecasted Value

In the context of forecasting Nestle India'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. Nestle India's downside and upside margins for the forecasting period are 2,326 and 2,329, respectively. We have considered Nestle India'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
2,224
2,328
Expected Value
2,329
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 Nestle India stock data series using in forecasting. Note that when a statistical model is used to represent Nestle India 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 Criteria128.144
BiasArithmetic mean of the errors None
MADMean absolute deviation48.865
MAPEMean absolute percentage error0.0202
SAESum of the absolute errors3029.629
A single variable polynomial regression model attempts to put a curve through the Nestle India 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 Nestle India

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nestle India Limited. 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
2,2212,2222,446
Details
Intrinsic
Valuation
LowRealHigh
2,0672,0682,446
Details
Earnings
Estimates (0)
LowProjected EPSHigh
8.678.859.02
Details

Other Forecasting Options for Nestle India

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

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

Nestle India Limited 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 Nestle India'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 Nestle India's current price.

Nestle India Market Strength Events

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

Nestle India Risk Indicators

The analysis of Nestle India'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 Nestle India's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nestle 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 Nestle Stock

Nestle India financial ratios help investors to determine whether Nestle 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 Nestle with respect to the benefits of owning Nestle India security.