Pikko Land Stock Forecast - Polynomial Regression

RODA Stock  IDR 38.00  3.00  8.57%   
The Polynomial Regression forecasted value of Pikko Land Development on the next trading day is expected to be 35.32 with a mean absolute deviation of 2.03 and the sum of the absolute errors of 124.12. Pikko Stock Forecast is based on your current time horizon.
  
Pikko Land polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Pikko Land Development as well as the accuracy indicators are determined from the period prices.

Pikko Land Polynomial Regression Price Forecast For the 24th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Pikko Land Development on the next trading day is expected to be 35.32 with a mean absolute deviation of 2.03, mean absolute percentage error of 7.34, and the sum of the absolute errors of 124.12.
Please note that although there have been many attempts to predict Pikko 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 Pikko Land's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Pikko Land Stock Forecast Pattern

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Pikko Land Forecasted Value

In the context of forecasting Pikko Land'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. Pikko Land's downside and upside margins for the forecasting period are 30.78 and 39.86, respectively. We have considered Pikko Land'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
38.00
35.32
Expected Value
39.86
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 Pikko Land stock data series using in forecasting. Note that when a statistical model is used to represent Pikko Land 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 Criteria120.1039
BiasArithmetic mean of the errors None
MADMean absolute deviation2.0348
MAPEMean absolute percentage error0.0551
SAESum of the absolute errors124.1237
A single variable polynomial regression model attempts to put a curve through the Pikko Land 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 Pikko Land

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pikko Land Development. 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
33.4638.0042.54
Details
Intrinsic
Valuation
LowRealHigh
27.8032.3441.80
Details
Bollinger
Band Projection (param)
LowMiddleHigh
33.1736.0038.83
Details

Other Forecasting Options for Pikko Land

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

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

Pikko Land Development 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 Pikko Land'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 Pikko Land's current price.

Pikko Land Market Strength Events

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

Pikko Land Risk Indicators

The analysis of Pikko Land'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 Pikko Land's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pikko 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.

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Other Information on Investing in Pikko Stock

Pikko Land financial ratios help investors to determine whether Pikko 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 Pikko with respect to the benefits of owning Pikko Land security.