2cureX AB Stock Forecast - Polynomial Regression
| 2CUREX Stock | 0.54 0.03 5.88% |
The Polynomial Regression forecasted value of 2cureX AB on the next trading day is expected to be 0.33 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.89. 2cureX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 2cureX AB stock prices and determine the direction of 2cureX AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 2cureX AB's historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of 2cureX AB's share price is below 30 at this time. This suggests that the stock is becoming oversold or undervalued. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling 2cureX AB, making its price go up or down. Momentum 20
Sell Stretched
Oversold | Overbought |
Using 2cureX AB hype-based prediction, you can estimate the value of 2cureX AB from the perspective of 2cureX AB response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of 2cureX AB on the next trading day is expected to be 0.33 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.89. 2cureX AB after-hype prediction price | SEK 0.54 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
2cureX |
2cureX AB Additional Predictive Modules
Most predictive techniques to examine 2cureX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for 2cureX using various technical indicators. When you analyze 2cureX 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
2cureX AB Polynomial Regression Price Forecast For the 6th of January
Given 90 days horizon, the Polynomial Regression forecasted value of 2cureX AB on the next trading day is expected to be 0.33 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.89.Please note that although there have been many attempts to predict 2cureX 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 2cureX AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
2cureX AB Stock Forecast Pattern
| Backtest 2cureX AB | 2cureX AB Price Prediction | Buy or Sell Advice |
2cureX AB Forecasted Value
In the context of forecasting 2cureX AB'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. 2cureX AB's downside and upside margins for the forecasting period are 0.01 and 6.59, respectively. We have considered 2cureX AB'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.
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 2cureX AB stock data series using in forecasting. Note that when a statistical model is used to represent 2cureX AB 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.| AIC | Akaike Information Criteria | 114.26 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1294 |
| MAPE | Mean absolute percentage error | 0.1184 |
| SAE | Sum of the absolute errors | 7.8916 |
Predictive Modules for 2cureX AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 2cureX AB. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 2cureX AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for 2cureX AB
For every potential investor in 2cureX, whether a beginner or expert, 2cureX AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 2cureX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 2cureX. Basic forecasting techniques help filter out the noise by identifying 2cureX AB's price trends.2cureX AB 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 2cureX AB stock to make a market-neutral strategy. Peer analysis of 2cureX AB could also be used in its relative valuation, which is a method of valuing 2cureX AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
2cureX AB 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 2cureX AB'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 2cureX AB's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
2cureX AB Market Strength Events
Market strength indicators help investors to evaluate how 2cureX AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 2cureX AB shares will generate the highest return on investment. By undertsting and applying 2cureX AB stock market strength indicators, traders can identify 2cureX AB entry and exit signals to maximize returns.
2cureX AB Risk Indicators
The analysis of 2cureX AB'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 2cureX AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 2curex 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.
| Mean Deviation | 4.06 | |||
| Standard Deviation | 6.11 | |||
| Variance | 37.32 |
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 2cureX Stock
2cureX AB financial ratios help investors to determine whether 2cureX 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 2cureX with respect to the benefits of owning 2cureX AB security.