Bank Pan Stock Forecast - Simple Regression

PNBN Stock  IDR 1,775  10.00  0.57%   
The Simple Regression forecasted value of Bank Pan Indonesia on the next trading day is expected to be 2,009 with a mean absolute deviation of 84.79 and the sum of the absolute errors of 5,257. Bank Stock Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Bank Pan price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Bank Pan Simple Regression Price Forecast For the 28th of November

Given 90 days horizon, the Simple Regression forecasted value of Bank Pan Indonesia on the next trading day is expected to be 2,009 with a mean absolute deviation of 84.79, mean absolute percentage error of 10,507, and the sum of the absolute errors of 5,257.
Please note that although there have been many attempts to predict Bank 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 Bank Pan's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bank Pan Stock Forecast Pattern

Backtest Bank PanBank Pan Price PredictionBuy or Sell Advice 

Bank Pan Forecasted Value

In the context of forecasting Bank Pan's 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. Bank Pan's downside and upside margins for the forecasting period are 2,006 and 2,012, respectively. We have considered Bank Pan's 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
1,775
2,009
Expected Value
2,012
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Bank Pan stock data series using in forecasting. Note that when a statistical model is used to represent Bank Pan 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 Criteria129.2082
BiasArithmetic mean of the errors None
MADMean absolute deviation84.794
MAPEMean absolute percentage error0.0497
SAESum of the absolute errors5257.2265
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Bank Pan Indonesia historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Bank Pan

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank Pan Indonesia. 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
LowEstimatedHigh
1,7721,7751,778
Details
Intrinsic
Valuation
LowRealHigh
1,4451,4481,952
Details

Other Forecasting Options for Bank Pan

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

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

Bank Pan Indonesia 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 Bank Pan'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 Bank Pan's current price.

Bank Pan Market Strength Events

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

Bank Pan Risk Indicators

The analysis of Bank Pan'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 Bank Pan's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank 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.

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 Architect

Other Information on Investing in Bank Stock

Bank Pan financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank Pan security.