Nippon Sharyo Stock Forecast - Polynomial Regression

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

Nippon Sharyo Polynomial Regression Price Forecast For the 5th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Nippon Sharyo on the next trading day is expected to be 14.23 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.04, and the sum of the absolute errors of 8.46.

Nippon Sharyo Stock Forecast Pattern

Backtest Nippon Sharyo

Nippon Sharyo Price Prediction

Buy or Sell Advice

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nippon Sharyo. 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 12.83 14.10 15.37 Details

Intrinsic Valuation Low Real High 12.46 13.72 15.00 Details

Bollinger Band Projection (param) Low Middle High 13.45 13.69 13.93 Details

Other Forecasting Options for Nippon Sharyo

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

Nippon Sharyo Related Equities

Risk & Return

Correlation

Nippon Sharyo 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 Nippon Sharyo'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 Nippon Sharyo's current price.

Nippon Sharyo Market Strength Events

Nippon Sharyo Risk Indicators

Additional Tools for Nippon Stock Analysis