Aeterna Zentaris Stock Forecast - Polynomial Regression

AEZSDelisted Stock  USD 6.14  0.08  1.29%   
The Polynomial Regression forecasted value of Aeterna Zentaris on the next trading day is expected to be 6.40 with a mean absolute deviation of 0.66 and the sum of the absolute errors of 40.04. Aeterna Stock Forecast is based on your current time horizon.
  
Aeterna Zentaris polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Aeterna Zentaris as well as the accuracy indicators are determined from the period prices.

Aeterna Zentaris Polynomial Regression Price Forecast For the 17th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Aeterna Zentaris on the next trading day is expected to be 6.40 with a mean absolute deviation of 0.66, mean absolute percentage error of 0.76, and the sum of the absolute errors of 40.04.
Please note that although there have been many attempts to predict Aeterna 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 Aeterna Zentaris' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Aeterna Zentaris Stock Forecast Pattern

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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 Aeterna Zentaris stock data series using in forecasting. Note that when a statistical model is used to represent Aeterna Zentaris 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 Criteria117.8373
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6565
MAPEMean absolute percentage error0.1078
SAESum of the absolute errors40.0446
A single variable polynomial regression model attempts to put a curve through the Aeterna Zentaris 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 Aeterna Zentaris

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aeterna Zentaris. 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
6.146.146.14
Details
Intrinsic
Valuation
LowRealHigh
5.725.726.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aeterna Zentaris. Your research has to be compared to or analyzed against Aeterna Zentaris' peers to derive any actionable benefits. When done correctly, Aeterna Zentaris' 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 Aeterna Zentaris.

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 Risk & Return  Correlation

Aeterna Zentaris Market Strength Events

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

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Other Consideration for investing in Aeterna Stock

If you are still planning to invest in Aeterna Zentaris check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aeterna Zentaris' history and understand the potential risks before investing.
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