NiHAO Mineral Stock Forecast - Polynomial Regression
| NI Stock | 0.44 0.00 0.00% |
The Polynomial Regression forecasted value of NiHAO Mineral Resources on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.32. NiHAO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NiHAO Mineral stock prices and determine the direction of NiHAO Mineral Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NiHAO Mineral's historical fundamentals, such as revenue growth or operating cash flow patterns.
NiHAO |
NiHAO Mineral Polynomial Regression Price Forecast For the 19th of December
Given 90 days horizon, the Polynomial Regression forecasted value of NiHAO Mineral Resources on the next trading day is expected to be 0.42 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.32.Please note that although there have been many attempts to predict NiHAO 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 NiHAO Mineral's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NiHAO Mineral Stock Forecast Pattern
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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 NiHAO Mineral stock data series using in forecasting. Note that when a statistical model is used to represent NiHAO Mineral 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.| AIC | Akaike Information Criteria | 110.9075 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0216 |
| MAPE | Mean absolute percentage error | 0.035 |
| SAE | Sum of the absolute errors | 1.316 |
Predictive Modules for NiHAO Mineral
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NiHAO Mineral Resources. 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.NiHAO Mineral 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 NiHAO Mineral stock to make a market-neutral strategy. Peer analysis of NiHAO Mineral could also be used in its relative valuation, which is a method of valuing NiHAO Mineral by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NiHAO Mineral Market Strength Events
Market strength indicators help investors to evaluate how NiHAO Mineral stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NiHAO Mineral shares will generate the highest return on investment. By undertsting and applying NiHAO Mineral stock market strength indicators, traders can identify NiHAO Mineral Resources entry and exit signals to maximize returns.
NiHAO Mineral Risk Indicators
The analysis of NiHAO Mineral'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 NiHAO Mineral's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nihao 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.
| Mean Deviation | 4.09 | |||
| Standard Deviation | 5.72 | |||
| Variance | 32.77 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NiHAO Stock
NiHAO Mineral financial ratios help investors to determine whether NiHAO 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 NiHAO with respect to the benefits of owning NiHAO Mineral security.