Elcom Technology Stock Forecast - Polynomial Regression

Elcom Technology polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Elcom Technology Communications as well as the accuracy indicators are determined from the period prices.

Elcom Technology Polynomial Regression Price Forecast For the 24th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Elcom Technology Communications on the next trading day is expected to be 25,738 with a mean absolute deviation of 483.39, mean absolute percentage error of 380,056, and the sum of the absolute errors of 29,487.

Elcom Technology Stock Forecast Pattern

Backtest Elcom Technology

Elcom Technology Price Prediction

Buy or Sell Advice

Elcom Technology Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Elcom Technology stock data series using in forecasting. Note that when a statistical model is used to represent Elcom Technology 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. A single variable polynomial regression model attempts to put a curve through the Elcom Technology historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for Elcom Technology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elcom Technology Com. 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 24,799 24,800 24,801 Details

Intrinsic Valuation Low Real High 21,445 21,446 27,280 Details

Bollinger Band Projection (param) Low Middle High 24,587 24,917 25,247 Details

Other Forecasting Options for Elcom Technology

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

Elcom Technology Related Equities

Risk & Return

Correlation

Elcom Technology Com 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 Elcom Technology'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 Elcom Technology's current price.

Elcom Technology Market Strength Events

Elcom Technology Risk Indicators

Pair Trading with Elcom Technology

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

Other Information on Investing in Elcom Stock