Evolution Petroleum Stock Forecast - Simple Regression

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

Evolution Petroleum Simple Regression Price Forecast For the 9th of January

Given 90 days horizon, the Simple Regression forecasted value of Evolution Petroleum on the next trading day is expected to be 5.23 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.07, and the sum of the absolute errors of 13.97.

Evolution Petroleum Stock Forecast Pattern

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Evolution Petroleum Price Prediction

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Evolution Petroleum Forecasted Value

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Evolution Petroleum. 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 2.82 5.05 7.28 Details

Intrinsic Valuation Low Real High 2.06 4.29 6.52 Details

Other Forecasting Options for Evolution Petroleum

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

Evolution Petroleum Related Equities

Risk & Return

Correlation

Evolution Petroleum 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 Evolution Petroleum'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 Evolution Petroleum's current price.

Evolution Petroleum Market Strength Events

Evolution Petroleum Risk Indicators

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Additional Information and Resources on Investing in Evolution Stock

When determining whether Evolution Petroleum is a strong investment it is important to analyze Evolution Petroleum's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Evolution Petroleum's future performance. For an informed investment choice regarding Evolution Stock, refer to the following important reports:

How To Invest In Evolution Details

Is Evolution Stock a good investment? Details

What is Evolution Petroleum's Net Worth? Details

Largest Oil & Gas Exploration & Production Companies View

Largest Oil & Gas E&P Companies View

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Evolution Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolution Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolution Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.