Chewathai Public Stock Forecast - Simple Regression

CHEWA Stock  THB 0.37  0.01  2.78%   
The Simple Regression forecasted value of Chewathai Public on the next trading day is expected to be 0.45 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.54. Chewathai Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chewathai Public stock prices and determine the direction of Chewathai Public's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Chewathai Public's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Chewathai Public price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Chewathai Public Simple Regression Price Forecast For the 24th of November

Given 90 days horizon, the Simple Regression forecasted value of Chewathai Public on the next trading day is expected to be 0.45 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.54.
Please note that although there have been many attempts to predict Chewathai 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 Chewathai Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Chewathai Public Stock Forecast Pattern

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Chewathai Public Forecasted Value

In the context of forecasting Chewathai Public'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. Chewathai Public's downside and upside margins for the forecasting period are 0 and 126.37, respectively. We have considered Chewathai Public'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
0.37
0.45
Expected Value
126.37
Upside

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 Chewathai Public stock data series using in forecasting. Note that when a statistical model is used to represent Chewathai Public 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 Criteria112.8088
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0416
MAPEMean absolute percentage error9.223372036854776E14
SAESum of the absolute errors2.5358
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Chewathai Public historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Chewathai Public

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chewathai Public. 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
0.020.3768.87
Details
Intrinsic
Valuation
LowRealHigh
0.010.2768.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chewathai Public. Your research has to be compared to or analyzed against Chewathai Public's peers to derive any actionable benefits. When done correctly, Chewathai Public's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Chewathai Public.

Other Forecasting Options for Chewathai Public

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

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

Chewathai Public 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 Chewathai Public'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 Chewathai Public's current price.

Chewathai Public Market Strength Events

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

Chewathai Public Risk Indicators

The analysis of Chewathai Public'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 Chewathai Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chewathai 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.

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Other Information on Investing in Chewathai Stock

Chewathai Public financial ratios help investors to determine whether Chewathai 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 Chewathai with respect to the benefits of owning Chewathai Public security.