Topview Optronics Stock Forecast - Simple Regression

6556 Stock  TWD 70.00  0.10  0.14%   
The Simple Regression forecasted value of Topview Optronics on the next trading day is expected to be 70.35 with a mean absolute deviation of 0.74 and the sum of the absolute errors of 45.38. Topview Stock Forecast is based on your current time horizon.
As of today, the value of RSI of Topview Optronics' share price is approaching 48. This suggests that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Topview Optronics, making its price go up or down.

Momentum 48

 Impartial

 
Oversold
 
Overbought
The successful prediction of Topview Optronics' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Topview Optronics and does not consider all of the tangible or intangible factors available from Topview Optronics' fundamental data. We analyze noise-free headlines and recent hype associated with Topview Optronics, which may create opportunities for some arbitrage if properly timed.
Using Topview Optronics hype-based prediction, you can estimate the value of Topview Optronics from the perspective of Topview Optronics response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Topview Optronics on the next trading day is expected to be 70.35 with a mean absolute deviation of 0.74 and the sum of the absolute errors of 45.38.

Topview Optronics after-hype prediction price

    
  TWD 70.0  
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.
  
Check out fundamental analysis of Topview Optronics to check your projections.

Topview Optronics Additional Predictive Modules

Most predictive techniques to examine Topview price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Topview using various technical indicators. When you analyze Topview 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 Topview Optronics 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.

Topview Optronics Simple Regression Price Forecast For the 20th of January

Given 90 days horizon, the Simple Regression forecasted value of Topview Optronics on the next trading day is expected to be 70.35 with a mean absolute deviation of 0.74, mean absolute percentage error of 1.00, and the sum of the absolute errors of 45.38.
Please note that although there have been many attempts to predict Topview 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 Topview Optronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Topview Optronics Stock Forecast Pattern

Topview Optronics Forecasted Value

In the context of forecasting Topview Optronics' 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. Topview Optronics' downside and upside margins for the forecasting period are 69.24 and 71.45, respectively. We have considered Topview Optronics' 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
70.00
70.35
Expected Value
71.45
Upside

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 Topview Optronics stock data series using in forecasting. Note that when a statistical model is used to represent Topview Optronics 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 Criteria118.1123
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7439
MAPEMean absolute percentage error0.0106
SAESum of the absolute errors45.3772
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 Topview Optronics 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 Topview Optronics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Topview Optronics. 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
68.8970.0071.11
Details
Intrinsic
Valuation
LowRealHigh
64.5765.6877.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
69.4870.6571.82
Details

Other Forecasting Options for Topview Optronics

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

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

Topview Optronics 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 Topview Optronics' 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 Topview Optronics' current price.

Topview Optronics Market Strength Events

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

Topview Optronics Risk Indicators

The analysis of Topview Optronics' 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 Topview Optronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting topview 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.

Pair Trading with Topview Optronics

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 Topview Optronics 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 Topview Optronics will appreciate offsetting losses from the drop in the long position's value.

Moving against Topview Stock

  0.496505 Formosa PetrochemicalPairCorr
  0.351301 Formosa Plastics CorpPairCorr
The ability to find closely correlated positions to Topview Optronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topview Optronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Topview Optronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Topview Optronics to buy it.
The correlation of Topview Optronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Topview Optronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topview Optronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Topview Optronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Topview Stock Analysis

When running Topview Optronics' price analysis, check to measure Topview Optronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Topview Optronics is operating at the current time. Most of Topview Optronics' value examination focuses on studying past and present price action to predict the probability of Topview Optronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topview Optronics' price. Additionally, you may evaluate how the addition of Topview Optronics to your portfolios can decrease your overall portfolio volatility.