Bodycote PLC Stock Forecast - Simple Regression

Bodycote PLC Additional Predictive Modules

Most predictive techniques to examine Bodycote price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bodycote using various technical indicators. When you analyze Bodycote charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Simple Regression model is a single variable regression model that attempts to put a straight line through Bodycote PLC 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.

Bodycote PLC Simple Regression Price Forecast For the 25th of January

Given 90 days horizon, the Simple Regression forecasted value of Bodycote PLC on the next trading day is expected to be 8.69 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.09, and the sum of the absolute errors of 13.69.

Bodycote PLC Stock Forecast Pattern

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Bodycote PLC Price Prediction

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Bodycote PLC Forecasted Value

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 Bodycote PLC stock data series using in forecasting. Note that when a statistical model is used to represent Bodycote PLC 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. 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 Bodycote PLC 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 Bodycote PLC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bodycote PLC. 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 6.44 8.75 11.06 Details

Intrinsic Valuation Low Real High 6.52 8.83 11.14 Details

Bollinger Band Projection (param) Low Middle High 7.09 8.04 8.99 Details

Bodycote PLC After-Hype Price Prediction Density Analysis

Bodycote PLC Estimiated After-Hype Price Volatility

Bodycote PLC Stock Price Prediction Analysis

Bodycote PLC Hype Timeline

Bodycote PLC is presently traded for 8.75on Frankfurt Exchange of Germany. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Bodycote is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is presently at 0.25%. %. The volatility of related hype on Bodycote PLC is about 0.0%, with the expected price after the next announcement by competition of 8.75. About 77.0% of the company shares are owned by institutions such as pension funds. The company has Price-to-Book (P/B) ratio of 1.54. In the past many companies with similar price-to-book ratios have beat the market. Bodycote PLC last dividend was issued on the 6th of October 2022. Assuming the 90 days horizon the next estimated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Bodycote PLC to cross-verify your projections.

Bodycote PLC Related Hype Analysis

Other Forecasting Options for Bodycote PLC

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

Bodycote PLC Related Equities

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Correlation

Bodycote PLC Market Strength Events

Bodycote PLC Risk Indicators

Story Coverage note for Bodycote PLC

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