Chang Ho Stock Forecast - Polynomial Regression
| 1468 Stock | TWD 13.55 1.20 9.72% |
The Polynomial Regression forecasted value of Chang Ho Fibre on the next trading day is expected to be 12.07 with a mean absolute deviation of 0.33 and the sum of the absolute errors of 20.13. Chang Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chang Ho stock prices and determine the direction of Chang Ho Fibre's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Chang Ho's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Chang Ho to cross-verify your projections. Chang |
Most investors in Chang Ho 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 Chang Ho's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Chang Ho's price structures and extracts relationships that further increase the generated results' accuracy.
Chang Ho polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Chang Ho Fibre as well as the accuracy indicators are determined from the period prices. Chang Ho Polynomial Regression Price Forecast For the 1st of May
Given 90 days horizon, the Polynomial Regression forecasted value of Chang Ho Fibre on the next trading day is expected to be 12.07 with a mean absolute deviation of 0.33, mean absolute percentage error of 0.17, and the sum of the absolute errors of 20.13.Please note that although there have been many attempts to predict Chang 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 Chang Ho's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Chang Ho Stock Forecast Pattern
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Chang Ho Forecasted Value
In the context of forecasting Chang Ho'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. Chang Ho's downside and upside margins for the forecasting period are 9.55 and 14.58, respectively. We have considered Chang Ho'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 Chang Ho stock data series using in forecasting. Note that when a statistical model is used to represent Chang Ho 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 | 116.335 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3299 |
| MAPE | Mean absolute percentage error | 0.0243 |
| SAE | Sum of the absolute errors | 20.1263 |
Predictive Modules for Chang Ho
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chang Ho Fibre. 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 Chang Ho'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 Chang Ho
For every potential investor in Chang, whether a beginner or expert, Chang Ho's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chang Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chang. Basic forecasting techniques help filter out the noise by identifying Chang Ho's price trends.Chang Ho 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 Chang Ho stock to make a market-neutral strategy. Peer analysis of Chang Ho could also be used in its relative valuation, which is a method of valuing Chang Ho by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Chang Ho Fibre 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 Chang Ho'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 Chang Ho's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Chang Ho Market Strength Events
Market strength indicators help investors to evaluate how Chang Ho stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chang Ho shares will generate the highest return on investment. By undertsting and applying Chang Ho stock market strength indicators, traders can identify Chang Ho Fibre entry and exit signals to maximize returns.
| Accumulation Distribution | 19172.21 | |||
| Daily Balance Of Power | 0.8276 | |||
| Rate Of Daily Change | 1.1 | |||
| Day Median Price | 12.83 | |||
| Day Typical Price | 13.07 | |||
| Price Action Indicator | 1.33 | |||
| Period Momentum Indicator | 1.2 |
Chang Ho Risk Indicators
The analysis of Chang Ho'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 Chang Ho's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chang 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 | 1.33 | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.19 |
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.
Thematic Opportunities
Explore Investment Opportunities
Check out Historical Fundamental Analysis of Chang Ho to cross-verify your projections. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Chang Stock analysis
When running Chang Ho's price analysis, check to measure Chang Ho'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 Chang Ho is operating at the current time. Most of Chang Ho's value examination focuses on studying past and present price action to predict the probability of Chang Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chang Ho's price. Additionally, you may evaluate how the addition of Chang Ho to your portfolios can decrease your overall portfolio volatility.
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