Paramount Global Preferred Stock Forecast - Polynomial Regression

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

Paramount Global Polynomial Regression Price Forecast For the 27th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Paramount Global on the next trading day is expected to be 20.57 with a mean absolute deviation of 0.83, mean absolute percentage error of 1.05, and the sum of the absolute errors of 50.53.

Paramount Global Preferred Stock Forecast Pattern

Backtest Paramount Global

Paramount Global Price Prediction

Buy or Sell Advice

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 Global preferred stock data series using in forecasting. Note that when a statistical model is used to represent Paramount Global preferred 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 Paramount Global 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 Paramount Global

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 Global. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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 22.27 22.27 22.27 Details

Intrinsic Valuation Low Real High 20.19 20.19 24.50 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paramount Global. Your research has to be compared to or analyzed against Paramount Global's peers to derive any actionable benefits. When done correctly, Paramount Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Paramount Global.

Paramount Global Related Equities

Risk & Return

Correlation

Paramount Global Market Strength Events

Paramount Global Risk Indicators

Pair Trading with Paramount Global

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 Paramount Global 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 Paramount Global will appreciate offsetting losses from the drop in the long position's value.

Other Consideration for investing in Paramount Preferred Stock