Getabec Public Stock Forecast - Simple Regression

GTB Stock  THB 0.72  0.01  1.37%   
The Simple Regression forecasted value of Getabec Public on the next trading day is expected to be 0.76 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.33. Getabec 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 Getabec Public 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.

Getabec Public Simple Regression Price Forecast For the 24th of November

Given 90 days horizon, the Simple Regression forecasted value of Getabec Public on the next trading day is expected to be 0.76 with a mean absolute deviation of 0.04, mean absolute percentage error of 0.01, and the sum of the absolute errors of 2.33.
Please note that although there have been many attempts to predict Getabec 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 Getabec Public's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Getabec Public Stock Forecast Pattern

Backtest Getabec PublicGetabec Public Price PredictionBuy or Sell Advice 

Getabec Public Forecasted Value

In the context of forecasting Getabec Public'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. Getabec Public's downside and upside margins for the forecasting period are 0.01 and 127.58, respectively. We have considered Getabec Public'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
0.72
0.76
Expected Value
127.58
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 Getabec Public stock data series using in forecasting. Note that when a statistical model is used to represent Getabec Public 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 Criteria113.4252
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0382
MAPEMean absolute percentage error9.223372036854776E14
SAESum of the absolute errors2.3294
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 Getabec Public 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 Getabec Public

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Getabec Public. 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
0.040.7286.72
Details
Intrinsic
Valuation
LowRealHigh
0.020.4786.47
Details

Other Forecasting Options for Getabec Public

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

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

Getabec Public 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 Getabec Public'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 Getabec Public's current price.

Getabec Public Market Strength Events

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

Getabec Public Risk Indicators

The analysis of Getabec Public's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Getabec Public's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting getabec stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Other Information on Investing in Getabec Stock

Getabec Public financial ratios help investors to determine whether Getabec 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 Getabec with respect to the benefits of owning Getabec Public security.