Daedong Steel Stock Forecast - Polynomial Regression
| 048470 Stock | 3,720 5.00 0.13% |
The Polynomial Regression forecasted value of Daedong Steel Co on the next trading day is expected to be 3,709 with a mean absolute deviation of 45.10 and the sum of the absolute errors of 2,751. Daedong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daedong Steel stock prices and determine the direction of Daedong Steel Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daedong Steel's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Daedong Steel to cross-verify your projections. Daedong |
Most investors in Daedong Steel cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Daedong Steel's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Daedong Steel's price structures and extracts relationships that further increase the generated results' accuracy.
Daedong Steel polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Daedong Steel Co as well as the accuracy indicators are determined from the period prices. Daedong Steel Polynomial Regression Price Forecast For the 6th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Daedong Steel Co on the next trading day is expected to be 3,709 with a mean absolute deviation of 45.10, mean absolute percentage error of 3,681, and the sum of the absolute errors of 2,751.Please note that although there have been many attempts to predict Daedong 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 Daedong Steel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Daedong Steel Stock Forecast Pattern
| Backtest Daedong Steel | Daedong Steel Price Prediction | Buy or Sell Advice |
Daedong Steel Forecasted Value
In the context of forecasting Daedong Steel'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. Daedong Steel's downside and upside margins for the forecasting period are 3,707 and 3,710, respectively. We have considered Daedong Steel'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.
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 Daedong Steel stock data series using in forecasting. Note that when a statistical model is used to represent Daedong Steel 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.| AIC | Akaike Information Criteria | 126.3214 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 45.1038 |
| MAPE | Mean absolute percentage error | 0.0118 |
| SAE | Sum of the absolute errors | 2751.3324 |
Predictive Modules for Daedong Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daedong Steel. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daedong Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Daedong Steel
For every potential investor in Daedong, whether a beginner or expert, Daedong Steel's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daedong Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daedong. Basic forecasting techniques help filter out the noise by identifying Daedong Steel's price trends.Daedong Steel 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 Daedong Steel stock to make a market-neutral strategy. Peer analysis of Daedong Steel could also be used in its relative valuation, which is a method of valuing Daedong Steel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daedong Steel 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 Daedong Steel'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 Daedong Steel's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Daedong Steel Market Strength Events
Market strength indicators help investors to evaluate how Daedong Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daedong Steel shares will generate the highest return on investment. By undertsting and applying Daedong Steel stock market strength indicators, traders can identify Daedong Steel Co entry and exit signals to maximize returns.
Daedong Steel Risk Indicators
The analysis of Daedong Steel'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 Daedong Steel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daedong 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.
| Mean Deviation | 1.3 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.11 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Daedong Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Daedong Steel's short interest history, or implied volatility extrapolated from Daedong Steel options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Historical Fundamental Analysis of Daedong Steel to cross-verify your projections. Note that the Daedong Steel information on this page should be used as a complementary analysis to other Daedong Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Daedong Stock analysis
When running Daedong Steel's price analysis, check to measure Daedong Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daedong Steel is operating at the current time. Most of Daedong Steel's value examination focuses on studying past and present price action to predict the probability of Daedong Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Steel's price. Additionally, you may evaluate how the addition of Daedong Steel to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |