Shinsegae Engineering Stock Forecast - Polynomial Regression

Shinsegae Engineering polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Shinsegae Engineering Construction as well as the accuracy indicators are determined from the period prices.

Shinsegae Engineering Polynomial Regression Price Forecast For the 1st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Shinsegae Engineering Construction on the next trading day is expected to be 17,473 with a mean absolute deviation of 557.11, mean absolute percentage error of 532,216, and the sum of the absolute errors of 34,541.

Shinsegae Engineering Stock Forecast Pattern

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Shinsegae Engineering Price Prediction

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Shinsegae Engineering Forecasted Value

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 Shinsegae Engineering stock data series using in forecasting. Note that when a statistical model is used to represent Shinsegae Engineering 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. A single variable polynomial regression model attempts to put a curve through the Shinsegae Engineering 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 + ... + a_m*X^m

Predictive Modules for Shinsegae Engineering

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shinsegae Engineering. 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 Low Estimated High 18,028 18,030 18,032 Details

Intrinsic Valuation Low Real High 16,227 19,668 19,670 Details

Bollinger Band Projection (param) Low Middle High 18,013 18,033 18,053 Details

Other Forecasting Options for Shinsegae Engineering

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

Shinsegae Engineering Related Equities

Risk & Return

Correlation

Shinsegae Engineering 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 Shinsegae Engineering'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 Shinsegae Engineering's current price.

Shinsegae Engineering Market Strength Events

Shinsegae Engineering Risk Indicators

Pair Trading with Shinsegae Engineering

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shinsegae Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shinsegae Engineering will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Shinsegae Stock