Alliance Resource Stock Forecast - Polynomial Regression

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

Alliance Resource Polynomial Regression Price Forecast For the 29th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Alliance Resource Partners on the next trading day is expected to be 29.09 with a mean absolute deviation of 0.31, mean absolute percentage error of 0.14, and the sum of the absolute errors of 19.17.

Alliance Resource Stock Forecast Pattern

Backtest Alliance Resource

Alliance Resource Price Prediction

Buy or Sell Advice

Alliance Resource 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 Alliance Resource stock data series using in forecasting. Note that when a statistical model is used to represent Alliance Resource 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 Alliance Resource 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 Alliance Resource

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alliance Resource. 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 26.78 28.07 29.36 Details

Intrinsic Valuation Low Real High 25.16 30.10 31.39 Details

Bollinger Band Projection (param) Low Middle High 25.34 27.23 29.11 Details

2 Analysts Consensus Low Target High 26.09 28.67 31.82 Details

Other Forecasting Options for Alliance Resource

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

Alliance Resource Related Equities

Risk & Return

Correlation

Alliance Resource 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 Alliance Resource'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 Alliance Resource's current price.

Alliance Resource Market Strength Events

Alliance Resource Risk Indicators

Pair Trading with Alliance Resource

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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.

Additional Tools for Alliance Stock Analysis