Coherent Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Coherent 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.

Coherent Simple Regression Price Forecast For the 26th of November

Given 90 days horizon, the Simple Regression forecasted value of Coherent on the next trading day is expected to be 108.67 with a mean absolute deviation of 4.76, mean absolute percentage error of 32.12, and the sum of the absolute errors of 290.63.

Coherent Stock Forecast Pattern

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Coherent Price Prediction

Buy or Sell Advice

Coherent Forecasted Value

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 Coherent stock data series using in forecasting. Note that when a statistical model is used to represent Coherent 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. 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 Coherent 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 Coherent

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coherent. 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 Low Estimated High 101.18 104.48 107.78 Details

Intrinsic Valuation Low Real High 68.73 72.03 115.87 Details

Bollinger Band Projection (param) Low Middle High 105.11 105.47 105.82 Details

18 Analysts Consensus Low Target High 39.08 42.94 47.66 Details

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

Other Forecasting Options for Coherent

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

Coherent Related Equities

Risk & Return

Correlation

Coherent 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 Coherent'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 Coherent's current price.

Coherent Market Strength Events

Coherent Risk Indicators

Pair Trading with Coherent

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

Additional Tools for Coherent Stock Analysis