Habib Metropolitan Stock Forecast - Simple Regression

HMB Stock   78.51  5.61  7.70%   
The Simple Regression forecasted value of Habib Metropolitan Bank on the next trading day is expected to be 74.24 with a mean absolute deviation of 0.95 and the sum of the absolute errors of 58.85. Habib 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 Habib Metropolitan 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.

Habib Metropolitan Simple Regression Price Forecast For the 24th of November

Given 90 days horizon, the Simple Regression forecasted value of Habib Metropolitan Bank on the next trading day is expected to be 74.24 with a mean absolute deviation of 0.95, mean absolute percentage error of 1.64, and the sum of the absolute errors of 58.85.
Please note that although there have been many attempts to predict Habib 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 Habib Metropolitan's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Habib Metropolitan Stock Forecast Pattern

Backtest Habib MetropolitanHabib Metropolitan Price PredictionBuy or Sell Advice 

Habib Metropolitan Forecasted Value

In the context of forecasting Habib Metropolitan'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. Habib Metropolitan's downside and upside margins for the forecasting period are 72.73 and 75.75, respectively. We have considered Habib Metropolitan'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
78.51
74.24
Expected Value
75.75
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 Habib Metropolitan stock data series using in forecasting. Note that when a statistical model is used to represent Habib Metropolitan 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 Criteria120.4452
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9492
MAPEMean absolute percentage error0.0139
SAESum of the absolute errors58.8494
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 Habib Metropolitan Bank 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 Habib Metropolitan

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Habib Metropolitan Bank. 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
77.0078.5180.02
Details
Intrinsic
Valuation
LowRealHigh
61.2562.7686.36
Details
Bollinger
Band Projection (param)
LowMiddleHigh
65.1970.3775.55
Details

Other Forecasting Options for Habib Metropolitan

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

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

Habib Metropolitan Bank 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 Habib Metropolitan'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 Habib Metropolitan's current price.

Habib Metropolitan Market Strength Events

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

Habib Metropolitan Risk Indicators

The analysis of Habib Metropolitan'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 Habib Metropolitan's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting habib 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.

Pair Trading with Habib Metropolitan

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

Moving together with Habib Stock

  0.75HBL Habib BankPairCorr
  0.89UBL United BankPairCorr
  0.78MCB MCB BankPairCorr
  0.89ABL Allied BankPairCorr
The ability to find closely correlated positions to Habib Metropolitan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Habib Metropolitan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Habib Metropolitan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Habib Metropolitan Bank to buy it.
The correlation of Habib Metropolitan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Habib Metropolitan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Habib Metropolitan Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Habib Metropolitan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Habib Stock Analysis

When running Habib Metropolitan's price analysis, check to measure Habib Metropolitan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Habib Metropolitan is operating at the current time. Most of Habib Metropolitan's value examination focuses on studying past and present price action to predict the probability of Habib Metropolitan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Habib Metropolitan's price. Additionally, you may evaluate how the addition of Habib Metropolitan to your portfolios can decrease your overall portfolio volatility.