The Polynomial Regression forecasted value of Games Workshop Group on the next trading day is expected to be 168.44 with a mean absolute deviation of 5.36 and the sum of the absolute errors of 326.88. Games Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Games Workshop's historical fundamentals, such as revenue growth or operating cash flow patterns.
Games
Games Workshop polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Games Workshop Group as well as the accuracy indicators are determined from the period prices.
Games Workshop Polynomial Regression Price Forecast For the 8th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Games Workshop Group on the next trading day is expected to be 168.44 with a mean absolute deviation of 5.36, mean absolute percentage error of 47.83, and the sum of the absolute errors of 326.88.
Please note that although there have been many attempts to predict Games Pink Sheet 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 Games Workshop's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
In the context of forecasting Games Workshop's Pink Sheet value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Games Workshop's downside and upside margins for the forecasting period are 165.55 and 171.34, respectively. We have considered Games Workshop's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 Games Workshop pink sheet data series using in forecasting. Note that when a statistical model is used to represent Games Workshop 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.
AIC
Akaike Information Criteria
121.9783
Bias
Arithmetic mean of the errors
None
MAD
Mean absolute deviation
5.3587
MAPE
Mean absolute percentage error
0.0338
SAE
Sum of the absolute errors
326.8808
A single variable polynomial regression model attempts to put a curve through the Games Workshop 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 Games Workshop
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Games Workshop Group. 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.
For every potential investor in Games, whether a beginner or expert, Games Workshop's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Games Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Games. Basic forecasting techniques help filter out the noise by identifying Games Workshop's price trends.
Games Workshop Group 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 Games Workshop'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 Games Workshop's current price.
Market strength indicators help investors to evaluate how Games Workshop pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Games Workshop shares will generate the highest return on investment. By undertsting and applying Games Workshop pink sheet market strength indicators, traders can identify Games Workshop Group entry and exit signals to maximize returns.
The analysis of Games Workshop's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Games Workshop's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting games pink sheet prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Other Information on Investing in Games Pink Sheet
Games Workshop financial ratios help investors to determine whether Games Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Games with respect to the benefits of owning Games Workshop security.