PT Century Stock Forecast - Simple Regression

CNTX Stock  IDR 142.00  0.00  0.00%   
The Simple Regression forecasted value of PT Century Textile on the next trading day is expected to be 142.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. CNTX Stock Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through PT Century 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.

PT Century Simple Regression Price Forecast For the 28th of November

Given 90 days horizon, the Simple Regression forecasted value of PT Century Textile on the next trading day is expected to be 142.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict CNTX 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 PT Century's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

PT Century Stock Forecast Pattern

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PT Century Forecasted Value

In the context of forecasting PT Century'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. PT Century's downside and upside margins for the forecasting period are 142.00 and 142.00, respectively. We have considered PT Century'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
142.00
142.00
Downside
142.00
Expected Value
142.00
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 PT Century stock data series using in forecasting. Note that when a statistical model is used to represent PT Century 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 Criteria-9.223372036854776E14
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error0.0
SAESum of the absolute errors0.0
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 PT Century Textile 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 PT Century

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PT Century Textile. 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
142.00142.00142.00
Details
Intrinsic
Valuation
LowRealHigh
142.00142.00142.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
142.00142.00142.00
Details

Other Forecasting Options for PT Century

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

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

PT Century Textile 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 PT Century'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 PT Century's current price.

PT Century Market Strength Events

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

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Other Information on Investing in CNTX Stock

PT Century financial ratios help investors to determine whether CNTX 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 CNTX with respect to the benefits of owning PT Century security.