ABL Bio Stock Forecast - Polynomial Regression

298380 Stock  KRW 28,600  150.00  0.52%   
The Polynomial Regression forecasted value of ABL Bio on the next trading day is expected to be 23,283 with a mean absolute deviation of 2,055 and the sum of the absolute errors of 125,339. ABL Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ABL Bio stock prices and determine the direction of ABL Bio's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ABL Bio's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
ABL Bio polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for ABL Bio as well as the accuracy indicators are determined from the period prices.

ABL Bio Polynomial Regression Price Forecast For the 6th of December

Given 90 days horizon, the Polynomial Regression forecasted value of ABL Bio on the next trading day is expected to be 23,283 with a mean absolute deviation of 2,055, mean absolute percentage error of 6,036,615, and the sum of the absolute errors of 125,339.
Please note that although there have been many attempts to predict ABL 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 ABL Bio's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ABL Bio Stock Forecast Pattern

Backtest ABL BioABL Bio Price PredictionBuy or Sell Advice 

ABL Bio Forecasted Value

In the context of forecasting ABL Bio'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. ABL Bio's downside and upside margins for the forecasting period are 23,279 and 23,287, respectively. We have considered ABL Bio'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
28,600
23,279
Downside
23,283
Expected Value
23,287
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 ABL Bio stock data series using in forecasting. Note that when a statistical model is used to represent ABL Bio 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 Criteria133.7239
BiasArithmetic mean of the errors None
MADMean absolute deviation2054.7354
MAPEMean absolute percentage error0.063
SAESum of the absolute errors125338.8596
A single variable polynomial regression model attempts to put a curve through the ABL Bio 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 ABL Bio

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ABL Bio. 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
28,59628,60028,604
Details
Intrinsic
Valuation
LowRealHigh
26,27726,28231,460
Details
Bollinger
Band Projection (param)
LowMiddleHigh
27,84828,56629,284
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ABL Bio. Your research has to be compared to or analyzed against ABL Bio's peers to derive any actionable benefits. When done correctly, ABL Bio's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ABL Bio.

Other Forecasting Options for ABL Bio

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

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

ABL Bio 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 ABL Bio'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 ABL Bio's current price.

ABL Bio Market Strength Events

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

ABL Bio Risk Indicators

The analysis of ABL Bio'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 ABL Bio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abl 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.

Pair Trading with ABL Bio

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 ABL Bio 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 ABL Bio will appreciate offsetting losses from the drop in the long position's value.

Moving together with ABL Stock

  0.62207940 Samsung BiologicsPairCorr
  0.91326030 Sk BiopharmaceuticalsPairCorr
  0.69144510 Green Cross LabPairCorr

Moving against ABL Stock

  0.5029780 Samsung CardPairCorr
The ability to find closely correlated positions to ABL Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABL Bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ABL Bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ABL Bio to buy it.
The correlation of ABL Bio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABL Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABL Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ABL Bio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in ABL Stock

ABL Bio financial ratios help investors to determine whether ABL 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 ABL with respect to the benefits of owning ABL Bio security.