International Biotechnology Stock Forecast - Polynomial Regression

IBT Stock   698.00  12.00  1.69%   
The Polynomial Regression forecasted value of International Biotechnology Trust on the next trading day is expected to be 695.20 with a mean absolute deviation of 9.80 and the sum of the absolute errors of 597.58. International Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast International Biotechnology stock prices and determine the direction of International Biotechnology Trust's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of International Biotechnology's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, International Biotechnology's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Liabilities is expected to grow to about 27.2 M, whereas Total Stockholder Equity is forecasted to decline to about 193.5 M.
International Biotechnology polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for International Biotechnology Trust as well as the accuracy indicators are determined from the period prices.

International Biotechnology Polynomial Regression Price Forecast For the 6th of December

Given 90 days horizon, the Polynomial Regression forecasted value of International Biotechnology Trust on the next trading day is expected to be 695.20 with a mean absolute deviation of 9.80, mean absolute percentage error of 156.37, and the sum of the absolute errors of 597.58.
Please note that although there have been many attempts to predict International Stock 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 International Biotechnology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

International Biotechnology Stock Forecast Pattern

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International Biotechnology Forecasted Value

In the context of forecasting International Biotechnology's Stock 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. International Biotechnology's downside and upside margins for the forecasting period are 693.94 and 696.45, respectively. We have considered International Biotechnology'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.
Market Value
698.00
693.94
Downside
695.20
Expected Value
696.45
Upside

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 International Biotechnology stock data series using in forecasting. Note that when a statistical model is used to represent International Biotechnology 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.
AICAkaike Information Criteria123.1627
BiasArithmetic mean of the errors None
MADMean absolute deviation9.7963
MAPEMean absolute percentage error0.0142
SAESum of the absolute errors597.5768
A single variable polynomial regression model attempts to put a curve through the International Biotechnology 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 International Biotechnology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as International Biotechnology. 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
LowEstimatedHigh
695.70696.96698.22
Details
Intrinsic
Valuation
LowRealHigh
695.48696.74698.00
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-3.48-3.48-3.48
Details

Other Forecasting Options for International Biotechnology

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

International Biotechnology Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with International Biotechnology stock to make a market-neutral strategy. Peer analysis of International Biotechnology could also be used in its relative valuation, which is a method of valuing International Biotechnology by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

International Biotechnology 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 International Biotechnology'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 International Biotechnology's current price.

International Biotechnology Market Strength Events

Market strength indicators help investors to evaluate how International Biotechnology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading International Biotechnology shares will generate the highest return on investment. By undertsting and applying International Biotechnology stock market strength indicators, traders can identify International Biotechnology Trust entry and exit signals to maximize returns.

International Biotechnology Risk Indicators

The analysis of International Biotechnology'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 International Biotechnology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting international stock 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.

Also Currently Popular

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.

Other Information on Investing in International Stock

International Biotechnology financial ratios help investors to determine whether International Stock 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 International with respect to the benefits of owning International Biotechnology security.