TE NECTIV Stock Forecast - Simple Regression
| 9TC Stock | 145.00 4.00 2.84% |
9TC |
TE NECTIV Simple Regression Price Forecast For the 29th of November
Given 90 days horizon, the Simple Regression forecasted value of TE NECTIV N on the next trading day is expected to be 155.25 with a mean absolute deviation of 10.95, mean absolute percentage error of 164.77, and the sum of the absolute errors of 667.77.Please note that although there have been many attempts to predict 9TC 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 TE NECTIV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TE NECTIV Stock Forecast Pattern
TE NECTIV Forecasted Value
In the context of forecasting TE NECTIV'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. TE NECTIV's downside and upside margins for the forecasting period are 147.34 and 163.16, respectively. We have considered TE NECTIV'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of TE NECTIV stock data series using in forecasting. Note that when a statistical model is used to represent TE NECTIV 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 | 123.215 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 10.9471 |
| MAPE | Mean absolute percentage error | 0.1067 |
| SAE | Sum of the absolute errors | 667.772 |
Predictive Modules for TE NECTIV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TE NECTIV N. 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 TE NECTIV'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 TE NECTIV
For every potential investor in 9TC, whether a beginner or expert, TE NECTIV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 9TC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 9TC. Basic forecasting techniques help filter out the noise by identifying TE NECTIV's price trends.TE NECTIV 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 TE NECTIV stock to make a market-neutral strategy. Peer analysis of TE NECTIV could also be used in its relative valuation, which is a method of valuing TE NECTIV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TE NECTIV N 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 TE NECTIV'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 TE NECTIV's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TE NECTIV Market Strength Events
Market strength indicators help investors to evaluate how TE NECTIV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TE NECTIV shares will generate the highest return on investment. By undertsting and applying TE NECTIV stock market strength indicators, traders can identify TE NECTIV N entry and exit signals to maximize returns.
TE NECTIV Risk Indicators
The analysis of TE NECTIV'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 TE NECTIV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 9tc 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 | 2.17 | |||
| Standard Deviation | 7.67 | |||
| Variance | 58.81 | |||
| Downside Variance | 2.28 | |||
| Semi Variance | (0.65) | |||
| Expected Short fall | (5.51) |
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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Additional Tools for 9TC Stock Analysis
When running TE NECTIV's price analysis, check to measure TE NECTIV's 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 TE NECTIV is operating at the current time. Most of TE NECTIV's value examination focuses on studying past and present price action to predict the probability of TE NECTIV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TE NECTIV's price. Additionally, you may evaluate how the addition of TE NECTIV to your portfolios can decrease your overall portfolio volatility.