NewMed Energy Stock Forecast - Simple Regression

NWMD Stock   1,129  11.00  0.96%   
The Simple Regression forecasted value of NewMed Energy on the next trading day is expected to be 1,208 with a mean absolute deviation of 35.83 and the sum of the absolute errors of 2,221. Investors can use prediction functions to forecast NewMed Energy's stock prices and determine the direction of NewMed Energy 's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of NewMed Energy's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through NewMed Energy 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.

NewMed Energy Simple Regression Price Forecast For the 25th of December

Given 90 days horizon, the Simple Regression forecasted value of NewMed Energy on the next trading day is expected to be 1,208 with a mean absolute deviation of 35.83, mean absolute percentage error of 1,819, and the sum of the absolute errors of 2,221.
Please note that although there have been many attempts to predict NewMed 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 NewMed Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

NewMed Energy Stock Forecast Pattern

NewMed Energy Forecasted Value

In the context of forecasting NewMed 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. NewMed Energy's downside and upside margins for the forecasting period are 1,206 and 1,210, respectively. We have considered NewMed 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
1,129
1,208
Expected Value
1,210
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 NewMed Energy stock data series using in forecasting. Note that when a statistical model is used to represent NewMed 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 Criteria127.4545
BiasArithmetic mean of the errors None
MADMean absolute deviation35.8274
MAPEMean absolute percentage error0.0339
SAESum of the absolute errors2221.2988
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 NewMed Energy 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 NewMed 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 NewMed Energy. 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.

Other Forecasting Options for NewMed Energy

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

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

NewMed Energy 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 NewMed 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 NewMed Energy's current price.

NewMed Energy Market Strength Events

Market strength indicators help investors to evaluate how NewMed 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 NewMed Energy shares will generate the highest return on investment. By undertsting and applying NewMed Energy stock market strength indicators, traders can identify NewMed Energy entry and exit signals to maximize returns.

NewMed Energy Risk Indicators

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