Polymet Mining Stock Forecast - Polynomial Regression
| PLMDelisted Stock | USD 2.08 0.00 0.00% |
The Polynomial Regression forecasted value of Polymet Mining Corp on the next trading day is expected to be 2.71 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.58. Polymet Stock Forecast is based on your current time horizon.
Polymet |
Polymet Mining Polynomial Regression Price Forecast For the 27th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Polymet Mining Corp on the next trading day is expected to be 2.71 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.08, and the sum of the absolute errors of 13.58.Please note that although there have been many attempts to predict Polymet 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 Polymet Mining's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Polymet Mining Stock Forecast Pattern
| Backtest Polymet Mining | Polymet Mining 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 Polymet Mining stock data series using in forecasting. Note that when a statistical model is used to represent Polymet Mining 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 | 115.5411 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2225 |
| MAPE | Mean absolute percentage error | 0.1785 |
| SAE | Sum of the absolute errors | 13.5751 |
Predictive Modules for Polymet Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Polymet Mining Corp. 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.Polymet Mining 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 Polymet Mining stock to make a market-neutral strategy. Peer analysis of Polymet Mining could also be used in its relative valuation, which is a method of valuing Polymet Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Polymet Mining Market Strength Events
Market strength indicators help investors to evaluate how Polymet Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Polymet Mining shares will generate the highest return on investment. By undertsting and applying Polymet Mining stock market strength indicators, traders can identify Polymet Mining Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0048 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2.09 | |||
| Day Typical Price | 2.08 | |||
| Market Facilitation Index | 0.01 | |||
| Price Action Indicator | (0.01) |
Polymet Mining Risk Indicators
The analysis of Polymet Mining'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 Polymet Mining's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting polymet 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 | 5.9 | |||
| Semi Deviation | 5.09 | |||
| Standard Deviation | 19.68 | |||
| Variance | 387.45 | |||
| Downside Variance | 36.16 | |||
| Semi Variance | 25.88 | |||
| Expected Short fall | (10.71) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Consideration for investing in Polymet Stock
If you are still planning to invest in Polymet Mining Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Polymet Mining's history and understand the potential risks before investing.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |