OPEN HOUSE Stock Forecast - Polynomial Regression

O4H Stock  EUR 32.80  0.40  1.23%   
The Polynomial Regression forecasted value of OPEN HOUSE GROUP on the next trading day is expected to be 32.90 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 38.08. OPEN Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of OPEN HOUSE's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
OPEN HOUSE polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for OPEN HOUSE GROUP as well as the accuracy indicators are determined from the period prices.

OPEN HOUSE Polynomial Regression Price Forecast For the 24th of December

Given 90 days horizon, the Polynomial Regression forecasted value of OPEN HOUSE GROUP on the next trading day is expected to be 32.90 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.62, and the sum of the absolute errors of 38.08.
Please note that although there have been many attempts to predict OPEN 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 OPEN HOUSE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

OPEN HOUSE Stock Forecast Pattern

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OPEN HOUSE Forecasted Value

In the context of forecasting OPEN HOUSE'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. OPEN HOUSE's downside and upside margins for the forecasting period are 31.15 and 34.65, respectively. We have considered OPEN HOUSE'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
32.80
32.90
Expected Value
34.65
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 OPEN HOUSE stock data series using in forecasting. Note that when a statistical model is used to represent OPEN HOUSE 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 Criteria117.6365
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6242
MAPEMean absolute percentage error0.0181
SAESum of the absolute errors38.0776
A single variable polynomial regression model attempts to put a curve through the OPEN HOUSE 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 OPEN HOUSE

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OPEN HOUSE GROUP. 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
31.0632.8034.54
Details
Intrinsic
Valuation
LowRealHigh
31.8133.5535.29
Details

Other Forecasting Options for OPEN HOUSE

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

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

OPEN HOUSE GROUP 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 OPEN HOUSE'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 OPEN HOUSE's current price.

OPEN HOUSE Market Strength Events

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

OPEN HOUSE Risk Indicators

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

Other Information on Investing in OPEN Stock

OPEN HOUSE financial ratios help investors to determine whether OPEN 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 OPEN with respect to the benefits of owning OPEN HOUSE security.