Bonheur Stock Forecast - Simple Regression
BONHR Stock | NOK 263.00 3.00 1.15% |
The Simple Regression forecasted value of Bonheur on the next trading day is expected to be 271.91 with a mean absolute deviation of 5.56 and the sum of the absolute errors of 338.94. Bonheur Stock Forecast is based on your current time horizon.
Bonheur |
Bonheur Simple Regression Price Forecast For the 24th of November
Given 90 days horizon, the Simple Regression forecasted value of Bonheur on the next trading day is expected to be 271.91 with a mean absolute deviation of 5.56, mean absolute percentage error of 43.19, and the sum of the absolute errors of 338.94.Please note that although there have been many attempts to predict Bonheur 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 Bonheur's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bonheur Stock Forecast Pattern
Backtest Bonheur | Bonheur Price Prediction | Buy or Sell Advice |
Bonheur Forecasted Value
In the context of forecasting Bonheur'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. Bonheur's downside and upside margins for the forecasting period are 270.48 and 273.34, respectively. We have considered Bonheur'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 Bonheur stock data series using in forecasting. Note that when a statistical model is used to represent Bonheur 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 | 121.8761 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 5.5565 |
MAPE | Mean absolute percentage error | 0.0205 |
SAE | Sum of the absolute errors | 338.9439 |
Predictive Modules for Bonheur
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bonheur. 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 Bonheur
For every potential investor in Bonheur, whether a beginner or expert, Bonheur's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bonheur Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bonheur. Basic forecasting techniques help filter out the noise by identifying Bonheur's price trends.Bonheur 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 Bonheur stock to make a market-neutral strategy. Peer analysis of Bonheur could also be used in its relative valuation, which is a method of valuing Bonheur by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Bonheur 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 Bonheur'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 Bonheur's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Bonheur Market Strength Events
Market strength indicators help investors to evaluate how Bonheur stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bonheur shares will generate the highest return on investment. By undertsting and applying Bonheur stock market strength indicators, traders can identify Bonheur entry and exit signals to maximize returns.
Bonheur Risk Indicators
The analysis of Bonheur'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 Bonheur's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bonheur 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 | 1.13 | |||
Standard Deviation | 1.41 | |||
Variance | 2.0 |
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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Bonheur financial ratios help investors to determine whether Bonheur 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 Bonheur with respect to the benefits of owning Bonheur security.