BlueScope Steel Pink Sheet Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through BlueScope Steel 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.

BlueScope Steel Simple Regression Price Forecast For the 27th of December

Given 90 days horizon, the Simple Regression forecasted value of BlueScope Steel Ltd on the next trading day is expected to be 63.60 with a mean absolute deviation of 2.34, mean absolute percentage error of 8.45, and the sum of the absolute errors of 142.94.

BlueScope Steel Pink Sheet Forecast Pattern

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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 BlueScope Steel pink sheet data series using in forecasting. Note that when a statistical model is used to represent BlueScope Steel pink sheet, 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. 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 BlueScope Steel Ltd 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 BlueScope Steel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BlueScope Steel. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 59.07 63.00 66.93 Details

Intrinsic Valuation Low Real High 50.99 54.92 69.30 Details

Bollinger Band Projection (param) Low Middle High 26.88 66.12 105.36 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as BlueScope Steel. Your research has to be compared to or analyzed against BlueScope Steel's peers to derive any actionable benefits. When done correctly, BlueScope Steel'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 BlueScope Steel.

Other Forecasting Options for BlueScope Steel

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

BlueScope Steel Related Equities

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Correlation

BlueScope Steel Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BlueScope Steel'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 BlueScope Steel's current price.

BlueScope Steel Market Strength Events

BlueScope Steel Risk Indicators

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for BlueScope Pink Sheet Analysis