Belo Sun Stock Forecast - Polynomial Regression

BSX Stock  CAD 0.04  0.01  10.00%   
The Polynomial Regression forecasted value of Belo Sun Mining on the next trading day is expected to be 0.04 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.19. Belo Stock Forecast is based on your current time horizon. Although Belo Sun's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Belo Sun's systematic risk associated with finding meaningful patterns of Belo Sun fundamentals over time.
  
As of the 1st of December 2024, Payables Turnover is likely to grow to 0.52, while Inventory Turnover is likely to drop (0.94). . As of the 1st of December 2024, Common Stock Shares Outstanding is likely to drop to about 231.5 M. In addition to that, Net Loss is likely to drop to about (16.1 M).
Belo Sun polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Belo Sun Mining as well as the accuracy indicators are determined from the period prices.

Belo Sun Polynomial Regression Price Forecast For the 2nd of December

Given 90 days horizon, the Polynomial Regression forecasted value of Belo Sun Mining on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.000012, and the sum of the absolute errors of 0.19.
Please note that although there have been many attempts to predict Belo 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 Belo Sun's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Belo Sun Stock Forecast Pattern

Backtest Belo SunBelo Sun Price PredictionBuy or Sell Advice 

Belo Sun Forecasted Value

In the context of forecasting Belo Sun'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. Belo Sun's downside and upside margins for the forecasting period are 0.0004 and 8.91, respectively. We have considered Belo Sun'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.
Market Value
0.04
0.0004
Downside
0.04
Expected Value
8.91
Upside

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 Belo Sun stock data series using in forecasting. Note that when a statistical model is used to represent Belo Sun 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 Criteria106.8074
BiasArithmetic mean of the errors None
MADMean absolute deviation0.003
MAPEMean absolute percentage error0.0616
SAESum of the absolute errors0.1851
A single variable polynomial regression model attempts to put a curve through the Belo Sun historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Belo Sun

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Belo Sun Mining. 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
0.000.058.92
Details
Intrinsic
Valuation
LowRealHigh
0.000.048.91
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.0025-0.0025-0.0025
Details

Other Forecasting Options for Belo Sun

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

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

Belo Sun Mining 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 Belo Sun'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 Belo Sun's current price.

Belo Sun Market Strength Events

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

Belo Sun Risk Indicators

The analysis of Belo Sun'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 Belo Sun's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting belo 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 Belo Sun

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 Belo Sun 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 Belo Sun will appreciate offsetting losses from the drop in the long position's value.

Moving together with Belo Stock

  0.71AG First Majestic SilverPairCorr
  0.82IE Ivanhoe EnergyPairCorr
  0.75FDY Faraday Copper CorpPairCorr

Moving against Belo Stock

  0.32VZ Verizon CommunicationsPairCorr
The ability to find closely correlated positions to Belo Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belo Sun 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 Belo Sun - 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 Belo Sun Mining to buy it.
The correlation of Belo Sun 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 Belo Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belo Sun Mining 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 Belo Sun 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

Other Information on Investing in Belo Stock

Belo Sun financial ratios help investors to determine whether Belo 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 Belo with respect to the benefits of owning Belo Sun security.