Cowealth Medical Stock Forecast - Polynomial Regression
| 4745 Stock | TWD 23.80 0.05 0.21% |
The Polynomial Regression forecasted value of Cowealth Medical Holding on the next trading day is expected to be 23.59 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 6.51. Cowealth Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cowealth Medical stock prices and determine the direction of Cowealth Medical Holding's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cowealth Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Cowealth Medical to cross-verify your projections. Cowealth |
Most investors in Cowealth Medical 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 Cowealth Medical's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cowealth Medical's price structures and extracts relationships that further increase the generated results' accuracy.
Cowealth Medical polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Cowealth Medical Holding as well as the accuracy indicators are determined from the period prices. Cowealth Medical Polynomial Regression Price Forecast For the 8th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Cowealth Medical Holding on the next trading day is expected to be 23.59 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.51.Please note that although there have been many attempts to predict Cowealth 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 Cowealth Medical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cowealth Medical Stock Forecast Pattern
| Backtest Cowealth Medical | Cowealth Medical Price Prediction | Buy or Sell Advice |
Cowealth Medical Forecasted Value
In the context of forecasting Cowealth Medical'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. Cowealth Medical's downside and upside margins for the forecasting period are 23.13 and 24.05, respectively. We have considered Cowealth Medical'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 Cowealth Medical stock data series using in forecasting. Note that when a statistical model is used to represent Cowealth Medical 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 | 114.0827 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1067 |
| MAPE | Mean absolute percentage error | 0.0044 |
| SAE | Sum of the absolute errors | 6.5087 |
Predictive Modules for Cowealth Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cowealth Medical Holding. 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 Cowealth Medical'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 Cowealth Medical
For every potential investor in Cowealth, whether a beginner or expert, Cowealth Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cowealth Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cowealth. Basic forecasting techniques help filter out the noise by identifying Cowealth Medical's price trends.Cowealth Medical 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 Cowealth Medical stock to make a market-neutral strategy. Peer analysis of Cowealth Medical could also be used in its relative valuation, which is a method of valuing Cowealth Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cowealth Medical Holding 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 Cowealth Medical'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 Cowealth Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cowealth Medical Market Strength Events
Market strength indicators help investors to evaluate how Cowealth Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cowealth Medical shares will generate the highest return on investment. By undertsting and applying Cowealth Medical stock market strength indicators, traders can identify Cowealth Medical Holding entry and exit signals to maximize returns.
Cowealth Medical Risk Indicators
The analysis of Cowealth Medical'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 Cowealth Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cowealth 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 | 0.311 | |||
| Standard Deviation | 0.4306 | |||
| Variance | 0.1854 |
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 Cowealth Medical to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cowealth Stock analysis
When running Cowealth Medical's price analysis, check to measure Cowealth Medical'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 Cowealth Medical is operating at the current time. Most of Cowealth Medical's value examination focuses on studying past and present price action to predict the probability of Cowealth Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cowealth Medical's price. Additionally, you may evaluate how the addition of Cowealth Medical to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |