EMCORE Stock Forecast - Simple Regression

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

EMCORE Simple Regression Price Forecast For the 21st of March

Given 90 days horizon, the Simple Regression forecasted value of EMCORE on the next trading day is expected to be 3.09 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0005, and the sum of the absolute errors of 1.15.

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EMCORE. 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 2.50 3.10 3.70 Details

Intrinsic Valuation Low Real High 2.00 2.60 3.20 Details

Bollinger Band Projection (param) Low Middle High 3.00 3.07 3.14 Details

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Correlation

EMCORE Market Strength Events

EMCORE Risk Indicators

Pair Trading with EMCORE

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

Other Consideration for investing in EMCORE Stock