Codan Pink Sheet Forecast - Simple Regression

Codan Additional Predictive Modules

Most predictive techniques to examine Codan price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Codan using various technical indicators. When you analyze Codan charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Simple Regression model is a single variable regression model that attempts to put a straight line through Codan 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.

Codan Simple Regression Price Forecast For the 24th of January

Given 90 days horizon, the Simple Regression forecasted value of Codan Limited on the next trading day is expected to be 21.49 with a mean absolute deviation of 0.88, mean absolute percentage error of 1.28, and the sum of the absolute errors of 54.49.

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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 Codan pink sheet data series using in forecasting. Note that when a statistical model is used to represent Codan pink sheet, 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. 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 Codan Limited 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 Codan

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Codan Limited. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Low Estimated High 19.79 22.34 24.89 Details

Intrinsic Valuation Low Real High 21.32 23.87 26.42 Details

Bollinger Band Projection (param) Low Middle High 19.24 22.43 25.62 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Codan. Your research has to be compared to or analyzed against Codan's peers to derive any actionable benefits. When done correctly, Codan'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 Codan Limited.

Codan After-Hype Price Prediction Density Analysis

Codan Estimiated After-Hype Price Volatility

Codan Pink Sheet Price Prediction Analysis

Codan Hype Timeline

Codan Limited is currently traded for 22.34. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Codan is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at -0.07%. %. The volatility of related hype on Codan is about 0.0%, with the expected price after the next announcement by competition of 22.34. About 46.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. Codan Limited last dividend was issued on the 25th of August 2022. Assuming the 90 days horizon the next forecasted press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of Codan to cross-verify your projections.

Codan Related Hype Analysis

Other Forecasting Options for Codan

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

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