Elentec Co Stock Forecast - Polynomial Regression

Elentec Co polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Elentec Co as well as the accuracy indicators are determined from the period prices.

Elentec Co Polynomial Regression Price Forecast For the 23rd of December

Given 90 days horizon, the Polynomial Regression forecasted value of Elentec Co on the next trading day is expected to be 5,159 with a mean absolute deviation of 152.72, mean absolute percentage error of 41,250, and the sum of the absolute errors of 9,316.

Elentec Co Stock Forecast Pattern

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Elentec Co Price Prediction

Buy or Sell Advice

Elentec Co Forecasted Value

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 Elentec Co stock data series using in forecasting. Note that when a statistical model is used to represent Elentec Co 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. A single variable polynomial regression model attempts to put a curve through the Elentec Co 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 + ... + a_m*X^m

Predictive Modules for Elentec Co

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elentec Co. 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 Low Estimated High 5,067 5,070 5,073 Details

Intrinsic Valuation Low Real High 4,311 4,314 5,577 Details

Bollinger Band Projection (param) Low Middle High 4,200 4,856 5,513 Details

Other Forecasting Options for Elentec Co

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

Elentec Co Related Equities

Risk & Return

Correlation

Elentec Co 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 Elentec Co'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 Elentec Co's current price.

Elentec Co Market Strength Events

Elentec Co Risk Indicators

Pair Trading with Elentec Co

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elentec Co position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elentec Co will appreciate offsetting losses from the drop in the long position's value.

Other Information on Investing in Elentec Stock