Alakasa Industrindo Stock Forecast - Polynomial Regression
| ALKA Stock | IDR 378.00 2.00 0.53% |
The Polynomial Regression forecasted value of Alakasa Industrindo Tbk on the next trading day is expected to be 387.63 with a mean absolute deviation of 11.30 and the sum of the absolute errors of 689.56. Alakasa Stock Forecast is based on your current time horizon.
Alakasa |
Alakasa Industrindo Polynomial Regression Price Forecast For the 29th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Alakasa Industrindo Tbk on the next trading day is expected to be 387.63 with a mean absolute deviation of 11.30, mean absolute percentage error of 412.41, and the sum of the absolute errors of 689.56.Please note that although there have been many attempts to predict Alakasa 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 Alakasa Industrindo's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Alakasa Industrindo Stock Forecast Pattern
| Backtest Alakasa Industrindo | Alakasa Industrindo Price Prediction | Buy or Sell Advice |
Alakasa Industrindo Forecasted Value
In the context of forecasting Alakasa Industrindo'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. Alakasa Industrindo's downside and upside margins for the forecasting period are 381.58 and 393.68, respectively. We have considered Alakasa Industrindo'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 Alakasa Industrindo stock data series using in forecasting. Note that when a statistical model is used to represent Alakasa Industrindo 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 | 124.1325 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 11.3043 |
| MAPE | Mean absolute percentage error | 0.0292 |
| SAE | Sum of the absolute errors | 689.5614 |
Predictive Modules for Alakasa Industrindo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alakasa Industrindo Tbk. 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.Other Forecasting Options for Alakasa Industrindo
For every potential investor in Alakasa, whether a beginner or expert, Alakasa Industrindo's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alakasa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alakasa. Basic forecasting techniques help filter out the noise by identifying Alakasa Industrindo's price trends.Alakasa Industrindo 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 Alakasa Industrindo stock to make a market-neutral strategy. Peer analysis of Alakasa Industrindo could also be used in its relative valuation, which is a method of valuing Alakasa Industrindo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alakasa Industrindo Tbk 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 Alakasa Industrindo'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 Alakasa Industrindo's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alakasa Industrindo Market Strength Events
Market strength indicators help investors to evaluate how Alakasa Industrindo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alakasa Industrindo shares will generate the highest return on investment. By undertsting and applying Alakasa Industrindo stock market strength indicators, traders can identify Alakasa Industrindo Tbk entry and exit signals to maximize returns.
Alakasa Industrindo Risk Indicators
The analysis of Alakasa Industrindo'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 Alakasa Industrindo's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alakasa 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 | 2.76 | |||
| Semi Deviation | 3.05 | |||
| Standard Deviation | 5.95 | |||
| Variance | 35.35 | |||
| Downside Variance | 14.81 | |||
| Semi Variance | 9.33 | |||
| Expected Short fall | (4.76) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Alakasa Stock
Alakasa Industrindo financial ratios help investors to determine whether Alakasa 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 Alakasa with respect to the benefits of owning Alakasa Industrindo security.