Kurita Water Stock Forecast - Polynomial Regression
| KWI Stock | EUR 34.10 0.50 1.45% |
The Polynomial Regression forecasted value of Kurita Water Industries on the next trading day is expected to be 31.75 with a mean absolute deviation of 1.06 and the sum of the absolute errors of 64.50. Kurita Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Kurita Water's historical fundamentals, such as revenue growth or operating cash flow patterns.
Kurita |
Kurita Water Polynomial Regression Price Forecast For the 7th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Kurita Water Industries on the next trading day is expected to be 31.75 with a mean absolute deviation of 1.06, mean absolute percentage error of 1.78, and the sum of the absolute errors of 64.50.Please note that although there have been many attempts to predict Kurita 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 Kurita Water's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Kurita Water Stock Forecast Pattern
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Kurita Water Forecasted Value
In the context of forecasting Kurita Water'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. Kurita Water's downside and upside margins for the forecasting period are 29.70 and 33.81, respectively. We have considered Kurita Water'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.
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 Kurita Water stock data series using in forecasting. Note that when a statistical model is used to represent Kurita Water 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.| AIC | Akaike Information Criteria | 118.6878 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0575 |
| MAPE | Mean absolute percentage error | 0.0293 |
| SAE | Sum of the absolute errors | 64.505 |
Predictive Modules for Kurita Water
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kurita Water Industries. 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.Other Forecasting Options for Kurita Water
For every potential investor in Kurita, whether a beginner or expert, Kurita Water's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Kurita Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Kurita. Basic forecasting techniques help filter out the noise by identifying Kurita Water's price trends.Kurita Water 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 Kurita Water stock to make a market-neutral strategy. Peer analysis of Kurita Water could also be used in its relative valuation, which is a method of valuing Kurita Water by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kurita Water Industries 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 Kurita Water'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 Kurita Water's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Kurita Water Market Strength Events
Market strength indicators help investors to evaluate how Kurita Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kurita Water shares will generate the highest return on investment. By undertsting and applying Kurita Water stock market strength indicators, traders can identify Kurita Water Industries entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 34.1 | |||
| Day Typical Price | 34.1 | |||
| Price Action Indicator | (0.25) | |||
| Period Momentum Indicator | (0.50) |
Kurita Water Risk Indicators
The analysis of Kurita Water'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 Kurita Water's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kurita 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.
| Mean Deviation | 1.5 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.23 |
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.
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Other Information on Investing in Kurita Stock
Kurita Water financial ratios help investors to determine whether Kurita 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 Kurita with respect to the benefits of owning Kurita Water security.