Samindo Resources Stock Forecast - Polynomial Regression

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

Samindo Resources Polynomial Regression Price Forecast For the 24th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Samindo Resources Tbk on the next trading day is expected to be 1,465 with a mean absolute deviation of 13.46, mean absolute percentage error of 334.00, and the sum of the absolute errors of 834.47.

Samindo Resources Stock Forecast Pattern

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Samindo Resources 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 Samindo Resources stock data series using in forecasting. Note that when a statistical model is used to represent Samindo Resources 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 Samindo Resources 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 Samindo Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Samindo Resources Tbk. 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 1,493 1,495 1,497 Details

Intrinsic Valuation Low Real High 1,212 1,214 1,644 Details

Bollinger Band Projection (param) Low Middle High 1,254 1,338 1,421 Details

Other Forecasting Options for Samindo Resources

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

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Risk & Return

Correlation

Samindo Resources Tbk 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 Samindo Resources' 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 Samindo Resources' current price.

Samindo Resources Market Strength Events

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