Integra Indocabinet Stock Forecast - Polynomial Regression

WOOD Stock  IDR 338.00  12.00  3.43%   
The Polynomial Regression forecasted value of Integra Indocabinet Tbk on the next trading day is expected to be 300.01 with a mean absolute deviation of 12.93 and the sum of the absolute errors of 788.76. Integra Stock Forecast is based on your current time horizon.
  
Integra Indocabinet polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Integra Indocabinet Tbk as well as the accuracy indicators are determined from the period prices.

Integra Indocabinet Polynomial Regression Price Forecast For the 28th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Integra Indocabinet Tbk on the next trading day is expected to be 300.01 with a mean absolute deviation of 12.93, mean absolute percentage error of 253.61, and the sum of the absolute errors of 788.76.
Please note that although there have been many attempts to predict Integra 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 Integra Indocabinet's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Integra Indocabinet Stock Forecast Pattern

Backtest Integra IndocabinetIntegra Indocabinet Price PredictionBuy or Sell Advice 

Integra Indocabinet Forecasted Value

In the context of forecasting Integra Indocabinet'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. Integra Indocabinet's downside and upside margins for the forecasting period are 296.01 and 304.01, respectively. We have considered Integra Indocabinet'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
338.00
296.01
Downside
300.01
Expected Value
304.01
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 Integra Indocabinet stock data series using in forecasting. Note that when a statistical model is used to represent Integra Indocabinet 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 Criteria123.6463
BiasArithmetic mean of the errors None
MADMean absolute deviation12.9305
MAPEMean absolute percentage error0.0446
SAESum of the absolute errors788.7581
A single variable polynomial regression model attempts to put a curve through the Integra Indocabinet 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 Integra Indocabinet

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Integra Indocabinet Tbk. 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
334.00338.00342.00
Details
Intrinsic
Valuation
LowRealHigh
304.20369.13373.14
Details
Bollinger
Band Projection (param)
LowMiddleHigh
280.29311.17342.04
Details

Other Forecasting Options for Integra Indocabinet

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

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

Integra Indocabinet Tbk 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 Integra Indocabinet'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 Integra Indocabinet's current price.

Integra Indocabinet Market Strength Events

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

Integra Indocabinet Risk Indicators

The analysis of Integra Indocabinet'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 Integra Indocabinet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting integra 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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Other Information on Investing in Integra Stock

Integra Indocabinet financial ratios help investors to determine whether Integra 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 Integra with respect to the benefits of owning Integra Indocabinet security.