Boliden AB Stock Forecast - Simple Regression
| BOL Stock | SEK 592.20 7.20 1.20% |
The Simple Regression forecasted value of Boliden AB on the next trading day is expected to be 577.77 with a mean absolute deviation of 19.69 and the sum of the absolute errors of 1,221. Boliden Stock Forecast is based on your current time horizon.
At this time the value of rsi of Boliden AB's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Boliden AB hype-based prediction, you can estimate the value of Boliden AB from the perspective of Boliden AB response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Boliden AB on the next trading day is expected to be 577.77 with a mean absolute deviation of 19.69 and the sum of the absolute errors of 1,221. Boliden AB after-hype prediction price | SEK 592.2 |
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.
Boliden |
Boliden AB Additional Predictive Modules
Most predictive techniques to examine Boliden price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Boliden using various technical indicators. When you analyze Boliden 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 |
Boliden AB Simple Regression Price Forecast For the 24th of January
Given 90 days horizon, the Simple Regression forecasted value of Boliden AB on the next trading day is expected to be 577.77 with a mean absolute deviation of 19.69, mean absolute percentage error of 511.80, and the sum of the absolute errors of 1,221.Please note that although there have been many attempts to predict Boliden 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 Boliden AB's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Boliden AB Stock Forecast Pattern
| Backtest Boliden AB | Boliden AB Price Prediction | Buy or Sell Advice |
Boliden AB Forecasted Value
In the context of forecasting Boliden 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. Boliden AB's downside and upside margins for the forecasting period are 576.15 and 579.39, respectively. We have considered Boliden 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Boliden AB stock data series using in forecasting. Note that when a statistical model is used to represent Boliden 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 | 126.1863 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 19.6945 |
| MAPE | Mean absolute percentage error | 0.0415 |
| SAE | Sum of the absolute errors | 1221.061 |
Predictive Modules for Boliden 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 Boliden 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.Boliden AB After-Hype Price Prediction Density Analysis
As far as predicting the price of Boliden AB at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Boliden AB or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Boliden AB, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Boliden AB Estimiated After-Hype Price Volatility
In the context of predicting Boliden AB's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Boliden AB's historical news coverage. Boliden AB's after-hype downside and upside margins for the prediction period are 590.59 and 593.81, respectively. We have considered Boliden AB's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Boliden AB is very steady at this time. Analysis and calculation of next after-hype price of Boliden AB is based on 3 months time horizon.
Boliden AB Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Boliden AB is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Boliden AB backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Boliden AB, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.58 | 1.62 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
592.20 | 592.20 | 0.00 |
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Boliden AB Hype Timeline
Boliden AB is currently traded for 592.20on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Boliden is expected 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 expected to be very small, whereas the daily expected return is currently at 0.58%. %. The volatility of related hype on Boliden AB is about 0.0%, with the expected price after the next announcement by competition of 592.20. About 56.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.99. Some equities with similar Price to Book (P/B) outperform the market in the long run. Boliden AB has Price/Earnings To Growth (PEG) ratio of 1.36. The entity recorded earning per share (EPS) of 45.22. The firm last dividend was issued on the 11th of May 2022. Boliden AB had 1:2 split on the 3rd of May 2023. Assuming the 90 days trading horizon the next expected press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Boliden AB to cross-verify your projections.Boliden AB Related Hype Analysis
Having access to credible news sources related to Boliden AB's direct competition is more important than ever and may enhance your ability to predict Boliden AB's future price movements. Getting to know how Boliden AB's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Boliden AB may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LUMI | Lundin Mining | 0.00 | 0 per month | 2.67 | 0.16 | 4.58 | (3.63) | 16.36 | |
| SCA-A | Svenska Cellulosa Aktiebolaget | 0.00 | 0 per month | 0.00 | (0.12) | 1.61 | (2.36) | 5.50 | |
| SSAB-B | SSAB AB | 0.00 | 0 per month | 1.48 | 0.17 | 3.10 | (2.47) | 8.33 | |
| LUG | Lundin Gold | 0.00 | 0 per month | 4.14 | 0.03 | 4.72 | (5.86) | 27.55 | |
| STE-A | Stora Enso Oyj | 0.00 | 0 per month | 1.96 | 0.05 | 4.07 | (4.02) | 14.22 | |
| HOLM-B | Holmen AB | 0.00 | 0 per month | 1.31 | (0.08) | 1.76 | (2.51) | 5.46 | |
| STE-R | Stora Enso Oyj | 0.00 | 0 per month | 1.37 | 0.07 | 2.60 | (3.00) | 11.87 |
Other Forecasting Options for Boliden AB
For every potential investor in Boliden, whether a beginner or expert, Boliden AB's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Boliden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Boliden. Basic forecasting techniques help filter out the noise by identifying Boliden AB's price trends.Boliden 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 Boliden AB stock to make a market-neutral strategy. Peer analysis of Boliden AB could also be used in its relative valuation, which is a method of valuing Boliden AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Boliden AB Market Strength Events
Market strength indicators help investors to evaluate how Boliden 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 Boliden AB shares will generate the highest return on investment. By undertsting and applying Boliden AB stock market strength indicators, traders can identify Boliden AB entry and exit signals to maximize returns.
| Accumulation Distribution | 60843.23 | |||
| Daily Balance Of Power | (0.31) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 594.9 | |||
| Day Typical Price | 594.0 | |||
| Price Action Indicator | (6.30) | |||
| Period Momentum Indicator | (7.20) |
Boliden AB Risk Indicators
The analysis of Boliden 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 Boliden AB's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting boliden 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 | 1.35 | |||
| Semi Deviation | 1.29 | |||
| Standard Deviation | 1.7 | |||
| Variance | 2.88 | |||
| Downside Variance | 3.19 | |||
| Semi Variance | 1.66 | |||
| Expected Short fall | (1.53) |
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.
Story Coverage note for Boliden AB
The number of cover stories for Boliden AB depends on current market conditions and Boliden AB's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Boliden AB is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Boliden AB's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Boliden AB Short Properties
Boliden AB's future price predictability will typically decrease when Boliden AB's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Boliden AB often depends not only on the future outlook of the potential Boliden AB's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Boliden AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 547 M | |
| Cash And Short Term Investments | 8.3 B |
Additional Tools for Boliden Stock Analysis
When running Boliden AB's price analysis, check to measure Boliden AB'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 Boliden AB is operating at the current time. Most of Boliden AB's value examination focuses on studying past and present price action to predict the probability of Boliden AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boliden AB's price. Additionally, you may evaluate how the addition of Boliden AB to your portfolios can decrease your overall portfolio volatility.