CONOCOPHILLIPS Forecast - Polynomial Regression

20825VAB8   106.61  0.19  0.18%   
The Polynomial Regression forecasted value of CONOCOPHILLIPS CDA FDG on the next trading day is expected to be 106.35 with a mean absolute deviation of 1.18 and the sum of the absolute errors of 73.30. CONOCOPHILLIPS Bond Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CONOCOPHILLIPS stock prices and determine the direction of CONOCOPHILLIPS CDA FDG's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CONOCOPHILLIPS's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
CONOCOPHILLIPS polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for CONOCOPHILLIPS CDA FDG as well as the accuracy indicators are determined from the period prices.

CONOCOPHILLIPS Polynomial Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of CONOCOPHILLIPS CDA FDG on the next trading day is expected to be 106.35 with a mean absolute deviation of 1.18, mean absolute percentage error of 3.08, and the sum of the absolute errors of 73.30.
Please note that although there have been many attempts to predict CONOCOPHILLIPS Bond 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 CONOCOPHILLIPS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

CONOCOPHILLIPS Bond Forecast Pattern

Backtest CONOCOPHILLIPSCONOCOPHILLIPS Price PredictionBuy or Sell Advice 

CONOCOPHILLIPS Forecasted Value

In the context of forecasting CONOCOPHILLIPS's Bond 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. CONOCOPHILLIPS's downside and upside margins for the forecasting period are 105.40 and 107.31, respectively. We have considered CONOCOPHILLIPS'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
106.61
105.40
Downside
106.35
Expected Value
107.31
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 CONOCOPHILLIPS bond data series using in forecasting. Note that when a statistical model is used to represent CONOCOPHILLIPS bond, 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 Criteria121.0726
BiasArithmetic mean of the errors None
MADMean absolute deviation1.1823
MAPEMean absolute percentage error0.011
SAESum of the absolute errors73.3006
A single variable polynomial regression model attempts to put a curve through the CONOCOPHILLIPS 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 CONOCOPHILLIPS

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CONOCOPHILLIPS CDA FDG. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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
105.66106.61107.56
Details
Intrinsic
Valuation
LowRealHigh
106.11107.06108.01
Details
Bollinger
Band Projection (param)
LowMiddleHigh
103.42108.08112.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CONOCOPHILLIPS. Your research has to be compared to or analyzed against CONOCOPHILLIPS's peers to derive any actionable benefits. When done correctly, CONOCOPHILLIPS'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 CONOCOPHILLIPS CDA FDG.

Other Forecasting Options for CONOCOPHILLIPS

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

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

CONOCOPHILLIPS CDA FDG Technical and Predictive Analytics

The bond market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of CONOCOPHILLIPS'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 CONOCOPHILLIPS's current price.

CONOCOPHILLIPS Market Strength Events

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

CONOCOPHILLIPS Risk Indicators

The analysis of CONOCOPHILLIPS'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 CONOCOPHILLIPS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting conocophillips bond 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. One of the essential factors to consider when estimating the risk of default for a bond instrument is its duration, which is the bond's price sensitivity to changes in interest rates. The duration of CONOCOPHILLIPS CDA FDG bond is primarily affected by its yield, coupon rate, and time to maturity. The duration of a bond will be higher the lower its coupon, lower its yield, and longer the time left to maturity.
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 CONOCOPHILLIPS Bond

CONOCOPHILLIPS financial ratios help investors to determine whether CONOCOPHILLIPS Bond 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 CONOCOPHILLIPS with respect to the benefits of owning CONOCOPHILLIPS security.