Discover Financial Stock Forecast - Simple Regression

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

Discover Financial Simple Regression Price Forecast For the 23rd of November

Given 90 days horizon, the Simple Regression forecasted value of Discover Financial Services on the next trading day is expected to be 172.34 with a mean absolute deviation of 5.90, mean absolute percentage error of 52.62, and the sum of the absolute errors of 360.03.

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Discover Financial. 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 171.65 174.91 178.17 Details

Intrinsic Valuation Low Real High 135.30 138.56 192.40 Details

Bollinger Band Projection (param) Low Middle High 135.82 162.99 190.15 Details

16 Analysts Consensus Low Target High 92.77 101.94 113.15 Details

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

Other Forecasting Options for Discover Financial

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

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Correlation

Discover Financial 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 Discover Financial'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 Discover Financial's current price.

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