Wahana Ottomitra Stock Forecast - Polynomial Regression

WOMF Stock  IDR 362.00  12.00  3.43%   
The Polynomial Regression forecasted value of Wahana Ottomitra Multiartha on the next trading day is expected to be 353.42 with a mean absolute deviation of 2.51 and the sum of the absolute errors of 153.19. Wahana Stock Forecast is based on your current time horizon.
  
Wahana Ottomitra polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Wahana Ottomitra Multiartha as well as the accuracy indicators are determined from the period prices.

Wahana Ottomitra Polynomial Regression Price Forecast For the 27th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Wahana Ottomitra Multiartha on the next trading day is expected to be 353.42 with a mean absolute deviation of 2.51, mean absolute percentage error of 13.73, and the sum of the absolute errors of 153.19.
Please note that although there have been many attempts to predict Wahana 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 Wahana Ottomitra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Wahana Ottomitra Stock Forecast Pattern

Backtest Wahana OttomitraWahana Ottomitra Price PredictionBuy or Sell Advice 

Wahana Ottomitra Forecasted Value

In the context of forecasting Wahana Ottomitra'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. Wahana Ottomitra's downside and upside margins for the forecasting period are 352.37 and 354.46, respectively. We have considered Wahana Ottomitra'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
362.00
352.37
Downside
353.42
Expected Value
354.46
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 Wahana Ottomitra stock data series using in forecasting. Note that when a statistical model is used to represent Wahana Ottomitra 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 Criteria120.73
BiasArithmetic mean of the errors None
MADMean absolute deviation2.5114
MAPEMean absolute percentage error0.007
SAESum of the absolute errors153.1949
A single variable polynomial regression model attempts to put a curve through the Wahana Ottomitra 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 Wahana Ottomitra

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wahana Ottomitra Mul. 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
360.95362.00363.05
Details
Intrinsic
Valuation
LowRealHigh
345.99347.04398.20
Details

Other Forecasting Options for Wahana Ottomitra

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

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

Wahana Ottomitra Mul 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 Wahana Ottomitra'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 Wahana Ottomitra's current price.

Wahana Ottomitra Market Strength Events

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

Wahana Ottomitra Risk Indicators

The analysis of Wahana Ottomitra'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 Wahana Ottomitra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wahana 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.

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Other Information on Investing in Wahana Stock

Wahana Ottomitra financial ratios help investors to determine whether Wahana 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 Wahana with respect to the benefits of owning Wahana Ottomitra security.