Scope Metals Stock Forecast - Simple Regression

Scope Metals Additional Predictive Modules

Most predictive techniques to examine Scope price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Scope using various technical indicators. When you analyze Scope charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Simple Regression model is a single variable regression model that attempts to put a straight line through Scope Metals 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.

Scope Metals Simple Regression Price Forecast For the 26th of January

Given 90 days horizon, the Simple Regression forecasted value of Scope Metals Group on the next trading day is expected to be 18,383 with a mean absolute deviation of 567.20, mean absolute percentage error of 481,452, and the sum of the absolute errors of 34,599.

Scope Metals Stock Forecast Pattern

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Scope Metals Price Prediction

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Scope Metals Forecasted Value

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 Scope Metals stock data series using in forecasting. Note that when a statistical model is used to represent Scope Metals 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. 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 Scope Metals Group 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 Scope Metals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scope Metals Group. 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 Low Estimated High 18,088 18,090 18,092 Details

Intrinsic Valuation Low Real High 16,281 20,790 20,792 Details

Bollinger Band Projection (param) Low Middle High 14,642 17,179 19,715 Details

Scope Metals After-Hype Price Prediction Density Analysis

Scope Metals Estimiated After-Hype Price Volatility

Scope Metals Stock Price Prediction Analysis

Scope Metals Hype Timeline

Scope Metals Group is at this time traded for 18,090on Tel Aviv Stock Exchange of Israel. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Scope is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.32%. %. The volatility of related hype on Scope Metals is about 0.0%, with the expected price after the next announcement by competition of 18,090. About 42.0% of the company outstanding shares are owned by corporate insiders. The book value of Scope Metals was at this time reported as 60.94. The company recorded earning per share (EPS) of 19.5. Scope Metals Group last dividend was issued on the 12th of January 2022. Assuming the 90 days trading horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Scope Metals to cross-verify your projections.

Scope Metals Related Hype Analysis

Other Forecasting Options for Scope Metals

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

Scope Metals Related Equities

Risk & Return

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Scope Metals Market Strength Events

Scope Metals Risk Indicators

Story Coverage note for Scope Metals

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