Cavotec SA Stock Forecast - Simple Regression
| CCC Stock | SEK 18.60 0.20 1.06% |
The Simple Regression forecasted value of Cavotec SA on the next trading day is expected to be 17.06 with a mean absolute deviation of 0.66 and the sum of the absolute errors of 40.43. Cavotec Stock Forecast is based on your current time horizon.
Cavotec |
Cavotec SA Simple Regression Price Forecast For the 1st of December
Given 90 days horizon, the Simple Regression forecasted value of Cavotec SA on the next trading day is expected to be 17.06 with a mean absolute deviation of 0.66, mean absolute percentage error of 0.68, and the sum of the absolute errors of 40.43.Please note that although there have been many attempts to predict Cavotec 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 Cavotec SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cavotec SA Stock Forecast Pattern
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Cavotec SA Forecasted Value
In the context of forecasting Cavotec SA'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. Cavotec SA's downside and upside margins for the forecasting period are 15.10 and 19.03, respectively. We have considered Cavotec SA'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 Cavotec SA stock data series using in forecasting. Note that when a statistical model is used to represent Cavotec SA 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 | 117.7178 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6627 |
| MAPE | Mean absolute percentage error | 0.0357 |
| SAE | Sum of the absolute errors | 40.4265 |
Predictive Modules for Cavotec SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cavotec SA. 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 Cavotec SA
For every potential investor in Cavotec, whether a beginner or expert, Cavotec SA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cavotec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cavotec. Basic forecasting techniques help filter out the noise by identifying Cavotec SA's price trends.Cavotec SA 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 Cavotec SA stock to make a market-neutral strategy. Peer analysis of Cavotec SA could also be used in its relative valuation, which is a method of valuing Cavotec SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cavotec SA 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 Cavotec SA'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 Cavotec SA's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Cavotec SA Market Strength Events
Market strength indicators help investors to evaluate how Cavotec SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cavotec SA shares will generate the highest return on investment. By undertsting and applying Cavotec SA stock market strength indicators, traders can identify Cavotec SA entry and exit signals to maximize returns.
Cavotec SA Risk Indicators
The analysis of Cavotec SA'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 Cavotec SA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cavotec 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 | 1.43 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.87 |
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 Cavotec Stock Analysis
When running Cavotec SA's price analysis, check to measure Cavotec SA'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 Cavotec SA is operating at the current time. Most of Cavotec SA's value examination focuses on studying past and present price action to predict the probability of Cavotec SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cavotec SA's price. Additionally, you may evaluate how the addition of Cavotec SA to your portfolios can decrease your overall portfolio volatility.