RTL Group Stock Forecast - Simple Regression
| RRTL Stock | EUR 29.17 0.32 1.11% |
The Simple Regression forecasted value of RTL Group SA on the next trading day is expected to be 27.60 with a mean absolute deviation of 0.48 and the sum of the absolute errors of 29.58. RTL Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of RTL Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
RTL |
RTL Group Simple Regression Price Forecast For the 8th of February
Given 90 days horizon, the Simple Regression forecasted value of RTL Group SA on the next trading day is expected to be 27.60 with a mean absolute deviation of 0.48, mean absolute percentage error of 0.46, and the sum of the absolute errors of 29.58.Please note that although there have been many attempts to predict RTL 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 RTL Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
RTL Group Stock Forecast Pattern
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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 RTL Group stock data series using in forecasting. Note that when a statistical model is used to represent RTL Group 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 | 117.3344 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4849 |
| MAPE | Mean absolute percentage error | 0.0165 |
| SAE | Sum of the absolute errors | 29.5795 |
Predictive Modules for RTL Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RTL Group SA. 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.RTL Group 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 RTL Group stock to make a market-neutral strategy. Peer analysis of RTL Group could also be used in its relative valuation, which is a method of valuing RTL Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RTL Group Market Strength Events
Market strength indicators help investors to evaluate how RTL Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RTL Group shares will generate the highest return on investment. By undertsting and applying RTL Group stock market strength indicators, traders can identify RTL Group SA entry and exit signals to maximize returns.
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Other Information on Investing in RTL Stock
RTL Group financial ratios help investors to determine whether RTL 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 RTL with respect to the benefits of owning RTL Group security.