Union Plastic Stock Forecast - Polynomial Regression

UP Stock  THB 17.10  0.10  0.58%   
The Polynomial Regression forecasted value of Union Plastic Public on the next trading day is expected to be 16.82 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 12.27. Union Stock Forecast is based on your current time horizon.
  
Union Plastic polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Union Plastic Public as well as the accuracy indicators are determined from the period prices.

Union Plastic Polynomial Regression Price Forecast For the 13th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Union Plastic Public on the next trading day is expected to be 16.82 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.07, and the sum of the absolute errors of 12.27.
Please note that although there have been many attempts to predict Union 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 Union Plastic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Union Plastic Stock Forecast Pattern

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Union Plastic Forecasted Value

In the context of forecasting Union Plastic'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. Union Plastic's downside and upside margins for the forecasting period are 15.23 and 18.41, respectively. We have considered Union Plastic'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
17.10
16.82
Expected Value
18.41
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 Union Plastic stock data series using in forecasting. Note that when a statistical model is used to represent Union Plastic 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 Criteria115.5071
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2012
MAPEMean absolute percentage error0.0116
SAESum of the absolute errors12.2728
A single variable polynomial regression model attempts to put a curve through the Union Plastic 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 Union Plastic

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Union Plastic Public. 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
15.6017.2018.80
Details
Intrinsic
Valuation
LowRealHigh
15.7517.3518.95
Details
Bollinger
Band Projection (param)
LowMiddleHigh
16.6317.2017.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Union Plastic. Your research has to be compared to or analyzed against Union Plastic's peers to derive any actionable benefits. When done correctly, Union Plastic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Union Plastic Public.

Other Forecasting Options for Union Plastic

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

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

Union Plastic Public 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 Union Plastic'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 Union Plastic's current price.

Union Plastic Market Strength Events

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

Union Plastic Risk Indicators

The analysis of Union Plastic'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 Union Plastic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting union 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.

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Other Information on Investing in Union Stock

Union Plastic financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Plastic security.