Paramount Communications Stock Forecast - Polynomial Regression

PARACABLES   71.84  0.76  1.07%   
The Polynomial Regression forecasted value of Paramount Communications Limited on the next trading day is expected to be 73.82 with a mean absolute deviation of 2.25 and the sum of the absolute errors of 139.52. Paramount Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Paramount Communications stock prices and determine the direction of Paramount Communications Limited's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Paramount Communications' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Paramount Communications' Total Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 6.6 B, whereas Total Assets are forecasted to decline to about 5.4 B.
Paramount Communications polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Paramount Communications Limited as well as the accuracy indicators are determined from the period prices.

Paramount Communications Polynomial Regression Price Forecast For the 1st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Paramount Communications Limited on the next trading day is expected to be 73.82 with a mean absolute deviation of 2.25, mean absolute percentage error of 7.92, and the sum of the absolute errors of 139.52.
Please note that although there have been many attempts to predict Paramount 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 Paramount Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Paramount Communications Stock Forecast Pattern

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Paramount Communications Forecasted Value

In the context of forecasting Paramount Communications' 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. Paramount Communications' downside and upside margins for the forecasting period are 71.41 and 76.24, respectively. We have considered Paramount Communications' 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
71.84
73.82
Expected Value
76.24
Upside

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 Paramount Communications stock data series using in forecasting. Note that when a statistical model is used to represent Paramount Communications 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 Criteria122.0179
BiasArithmetic mean of the errors None
MADMean absolute deviation2.2504
MAPEMean absolute percentage error0.0288
SAESum of the absolute errors139.523
A single variable polynomial regression model attempts to put a curve through the Paramount Communications 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 + ... + am*Xm

Predictive Modules for Paramount Communications

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paramount Communications. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paramount Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
67.5269.9372.34
Details
Intrinsic
Valuation
LowRealHigh
64.4066.8179.02
Details
Bollinger
Band Projection (param)
LowMiddleHigh
63.9668.2472.52
Details

Other Forecasting Options for Paramount Communications

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

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

Paramount Communications 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 Paramount Communications' 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 Paramount Communications' current price.

Paramount Communications Market Strength Events

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

Paramount Communications Risk Indicators

The analysis of Paramount Communications' 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 Paramount Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting paramount 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.

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 Paramount Stock

Paramount Communications financial ratios help investors to determine whether Paramount 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 Paramount with respect to the benefits of owning Paramount Communications security.