Sedana Medical Stock Forecast - Polynomial Regression

SEDANA Stock  SEK 11.96  0.30  2.45%   
The Polynomial Regression forecasted value of Sedana Medical AB on the next trading day is expected to be 10.49 with a mean absolute deviation of 1.41 and the sum of the absolute errors of 85.84. Sedana Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sedana Medical stock prices and determine the direction of Sedana Medical AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sedana Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Sedana Medical polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Sedana Medical AB as well as the accuracy indicators are determined from the period prices.

Sedana Medical Polynomial Regression Price Forecast For the 25th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Sedana Medical AB on the next trading day is expected to be 10.49 with a mean absolute deviation of 1.41, mean absolute percentage error of 3.22, and the sum of the absolute errors of 85.84.
Please note that although there have been many attempts to predict Sedana 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 Sedana Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sedana Medical Stock Forecast Pattern

Backtest Sedana MedicalSedana Medical Price PredictionBuy or Sell Advice 

Sedana Medical Forecasted Value

In the context of forecasting Sedana Medical'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. Sedana Medical's downside and upside margins for the forecasting period are 5.42 and 15.55, respectively. We have considered Sedana Medical'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
11.96
10.49
Expected Value
15.55
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 Sedana Medical stock data series using in forecasting. Note that when a statistical model is used to represent Sedana Medical 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 Criteria119.2789
BiasArithmetic mean of the errors None
MADMean absolute deviation1.4072
MAPEMean absolute percentage error0.0806
SAESum of the absolute errors85.8404
A single variable polynomial regression model attempts to put a curve through the Sedana Medical 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 Sedana Medical

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sedana Medical AB. 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
6.9011.9617.02
Details
Intrinsic
Valuation
LowRealHigh
5.8210.8815.94
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.7812.0612.34
Details

Other Forecasting Options for Sedana Medical

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

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

Sedana Medical AB 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 Sedana Medical'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 Sedana Medical's current price.

Sedana Medical Market Strength Events

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

Sedana Medical Risk Indicators

The analysis of Sedana Medical'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 Sedana Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sedana 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Other Information on Investing in Sedana Stock

Sedana Medical financial ratios help investors to determine whether Sedana 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 Sedana with respect to the benefits of owning Sedana Medical security.