Nanjing Medlander Stock Forecast - Simple Regression

688273 Stock   24.48  0.60  2.39%   
The Simple Regression forecasted value of Nanjing Medlander Medical on the next trading day is expected to be 23.17 with a mean absolute deviation of 1.13 and the sum of the absolute errors of 69.17. Nanjing Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nanjing Medlander stock prices and determine the direction of Nanjing Medlander Medical's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nanjing Medlander's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Nanjing Medlander's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 33.1 M, whereas Total Assets are forecasted to decline to about 1.1 B.
Simple Regression model is a single variable regression model that attempts to put a straight line through Nanjing Medlander price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Nanjing Medlander Simple Regression Price Forecast For the 3rd of March

Given 90 days horizon, the Simple Regression forecasted value of Nanjing Medlander Medical on the next trading day is expected to be 23.17 with a mean absolute deviation of 1.13, mean absolute percentage error of 1.76, and the sum of the absolute errors of 69.17.
Please note that although there have been many attempts to predict Nanjing 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 Nanjing Medlander's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nanjing Medlander Stock Forecast Pattern

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Nanjing Medlander Forecasted Value

In the context of forecasting Nanjing Medlander'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. Nanjing Medlander's downside and upside margins for the forecasting period are 21.36 and 24.98, respectively. We have considered Nanjing Medlander'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
24.48
23.17
Expected Value
24.98
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Nanjing Medlander stock data series using in forecasting. Note that when a statistical model is used to represent Nanjing Medlander 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 Criteria118.6767
BiasArithmetic mean of the errors None
MADMean absolute deviation1.1339
MAPEMean absolute percentage error0.0481
SAESum of the absolute errors69.1676
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Nanjing Medlander Medical historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Nanjing Medlander

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nanjing Medlander Medical. 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
22.6624.4726.28
Details
Intrinsic
Valuation
LowRealHigh
18.4720.2826.93
Details
Bollinger
Band Projection (param)
LowMiddleHigh
21.4423.6025.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nanjing Medlander. Your research has to be compared to or analyzed against Nanjing Medlander's peers to derive any actionable benefits. When done correctly, Nanjing Medlander'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 Nanjing Medlander Medical.

Other Forecasting Options for Nanjing Medlander

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

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

Nanjing Medlander Medical 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 Nanjing Medlander'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 Nanjing Medlander's current price.

Nanjing Medlander Market Strength Events

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

Nanjing Medlander Risk Indicators

The analysis of Nanjing Medlander'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 Nanjing Medlander's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nanjing 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.

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Other Information on Investing in Nanjing Stock

Nanjing Medlander financial ratios help investors to determine whether Nanjing 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 Nanjing with respect to the benefits of owning Nanjing Medlander security.