Sogn Sparebank Stock Forecast - Polynomial Regression

Sogn Sparebank polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Sogn Sparebank as well as the accuracy indicators are determined from the period prices.

Sogn Sparebank Polynomial Regression Price Forecast For the 27th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Sogn Sparebank on the next trading day is expected to be 273.96 with a mean absolute deviation of 5.85, mean absolute percentage error of 52.18, and the sum of the absolute errors of 356.98.

Sogn Sparebank Stock Forecast Pattern

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Sogn Sparebank Forecasted Value

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 Sogn Sparebank stock data series using in forecasting. Note that when a statistical model is used to represent Sogn Sparebank 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. A single variable polynomial regression model attempts to put a curve through the Sogn Sparebank 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 + ... + a_m*X^m

Predictive Modules for Sogn Sparebank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sogn Sparebank. 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 259.59 261.95 264.31 Details

Intrinsic Valuation Low Real High 204.89 207.25 288.15 Details

Other Forecasting Options for Sogn Sparebank

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

Sogn Sparebank Related Equities

Risk & Return

Correlation

Sogn Sparebank 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 Sogn Sparebank'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 Sogn Sparebank's current price.

Sogn Sparebank Market Strength Events

Sogn Sparebank Risk Indicators

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