Hitachi Construction Stock Forecast - Simple Regression

Hitachi Construction Additional Predictive Modules

Most predictive techniques to examine Hitachi price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hitachi using various technical indicators. When you analyze Hitachi 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 Hitachi Construction 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.

Hitachi Construction Simple Regression Price Forecast For the 24th of January

Given 90 days horizon, the Simple Regression forecasted value of Hitachi Construction Machinery on the next trading day is expected to be 26.02 with a mean absolute deviation of 1.24, mean absolute percentage error of 2.01, and the sum of the absolute errors of 75.58.

Hitachi Construction Stock Forecast Pattern

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Hitachi Construction Price Prediction

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hitachi Construction. 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 24.81 27.40 29.99 Details

Intrinsic Valuation Low Real High 24.26 26.85 29.44 Details

Bollinger Band Projection (param) Low Middle High 23.47 26.24 29.01 Details

Hitachi Construction After-Hype Price Prediction Density Analysis

Hitachi Construction Estimiated After-Hype Price Volatility

Hitachi Construction Stock Price Prediction Analysis

Hitachi Construction Hype Timeline

Hitachi Construction is currently traded for 27.40on Frankfurt Exchange of Germany. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Hitachi is estimated 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 estimated to be very small, whereas the daily expected return is currently at -0.04%. %. The volatility of related hype on Hitachi Construction is about 0.0%, with the expected price after the next announcement by competition of 27.40. About 51.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.99. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hitachi Construction last dividend was issued on the 29th of September 2022. Assuming the 90 days horizon the next estimated press release will be in a few days. Check out Historical Fundamental Analysis of Hitachi Construction to cross-verify your projections.

Hitachi Construction Related Hype Analysis

Other Forecasting Options for Hitachi Construction

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

Hitachi Construction Related Equities

Risk & Return

Correlation

Hitachi Construction Market Strength Events

Hitachi Construction Risk Indicators

Story Coverage note for Hitachi Construction

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Other Information on Investing in Hitachi Stock