Sindh Modaraba Stock Forecast - Simple Regression

SINDM Stock   10.00  0.01  0.10%   
The Simple Regression forecasted value of Sindh Modaraba Management on the next trading day is expected to be 9.46 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 20.24. Sindh 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 Sindh Modaraba 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.

Sindh Modaraba Simple Regression Price Forecast For the 24th of November

Given 90 days horizon, the Simple Regression forecasted value of Sindh Modaraba Management on the next trading day is expected to be 9.46 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.15, and the sum of the absolute errors of 20.24.
Please note that although there have been many attempts to predict Sindh 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 Sindh Modaraba's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sindh Modaraba Stock Forecast Pattern

Backtest Sindh ModarabaSindh Modaraba Price PredictionBuy or Sell Advice 

Sindh Modaraba Forecasted Value

In the context of forecasting Sindh Modaraba'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. Sindh Modaraba's downside and upside margins for the forecasting period are 6.89 and 12.02, respectively. We have considered Sindh Modaraba'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
10.00
9.46
Expected Value
12.02
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 Sindh Modaraba stock data series using in forecasting. Note that when a statistical model is used to represent Sindh Modaraba 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 Criteria116.2017
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3318
MAPEMean absolute percentage error0.034
SAESum of the absolute errors20.2417
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 Sindh Modaraba Management 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 Sindh Modaraba

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sindh Modaraba Management. 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
7.4310.0012.57
Details
Intrinsic
Valuation
LowRealHigh
5.788.3510.92
Details
Bollinger
Band Projection (param)
LowMiddleHigh
9.9910.0010.01
Details

Other Forecasting Options for Sindh Modaraba

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

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

Sindh Modaraba Management 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 Sindh Modaraba'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 Sindh Modaraba's current price.

Sindh Modaraba Market Strength Events

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

Sindh Modaraba Risk Indicators

The analysis of Sindh Modaraba'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 Sindh Modaraba's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sindh 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.

Pair Trading with Sindh Modaraba

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sindh Modaraba position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sindh Modaraba will appreciate offsetting losses from the drop in the long position's value.

Moving against Sindh Stock

  0.61MCB MCB BankPairCorr
  0.47HBL Habib BankPairCorr
  0.47UBL United BankPairCorr
  0.47AKBL Askari BankPairCorr
  0.42BAFL Bank AlfalahPairCorr
The ability to find closely correlated positions to Sindh Modaraba could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sindh Modaraba when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sindh Modaraba - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sindh Modaraba Management to buy it.
The correlation of Sindh Modaraba is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sindh Modaraba moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sindh Modaraba Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sindh Modaraba can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Sindh Stock

Sindh Modaraba financial ratios help investors to determine whether Sindh 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 Sindh with respect to the benefits of owning Sindh Modaraba security.