Mcleod Russel Stock Forecast - Polynomial Regression

MCLEODRUSS   47.56  2.44  4.88%   
The Polynomial Regression forecasted value of Mcleod Russel India on the next trading day is expected to be 54.56 with a mean absolute deviation of 2.29 and the sum of the absolute errors of 139.42. Mcleod Stock Forecast is based on your current time horizon. Although Mcleod Russel's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mcleod Russel's systematic risk associated with finding meaningful patterns of Mcleod Russel fundamentals over time.
  
At this time, Mcleod Russel's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 12/22/2024, Non Current Liabilities Total is likely to grow to about 2.8 B, while Total Stockholder Equity is likely to drop slightly above 2.4 B.
Mcleod Russel polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Mcleod Russel India as well as the accuracy indicators are determined from the period prices.

Mcleod Russel Polynomial Regression Price Forecast For the 23rd of December

Given 90 days horizon, the Polynomial Regression forecasted value of Mcleod Russel India on the next trading day is expected to be 54.56 with a mean absolute deviation of 2.29, mean absolute percentage error of 8.69, and the sum of the absolute errors of 139.42.
Please note that although there have been many attempts to predict Mcleod 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 Mcleod Russel's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mcleod Russel Stock Forecast Pattern

Backtest Mcleod RusselMcleod Russel Price PredictionBuy or Sell Advice 

Mcleod Russel Forecasted Value

In the context of forecasting Mcleod Russel'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. Mcleod Russel's downside and upside margins for the forecasting period are 50.40 and 58.72, respectively. We have considered Mcleod Russel'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
47.56
54.56
Expected Value
58.72
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 Mcleod Russel stock data series using in forecasting. Note that when a statistical model is used to represent Mcleod Russel 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 Criteria120.273
BiasArithmetic mean of the errors None
MADMean absolute deviation2.2856
MAPEMean absolute percentage error0.0642
SAESum of the absolute errors139.4224
A single variable polynomial regression model attempts to put a curve through the Mcleod Russel 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 Mcleod Russel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mcleod Russel India. 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
45.3749.5353.69
Details
Intrinsic
Valuation
LowRealHigh
32.6436.8052.32
Details
Bollinger
Band Projection (param)
LowMiddleHigh
43.5547.8052.04
Details

Other Forecasting Options for Mcleod Russel

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

Mcleod Russel 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 Mcleod Russel stock to make a market-neutral strategy. Peer analysis of Mcleod Russel could also be used in its relative valuation, which is a method of valuing Mcleod Russel by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Mcleod Russel India 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 Mcleod Russel'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 Mcleod Russel's current price.

Mcleod Russel Market Strength Events

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

Mcleod Russel Risk Indicators

The analysis of Mcleod Russel'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 Mcleod Russel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mcleod 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.

Additional Tools for Mcleod Stock Analysis

When running Mcleod Russel's price analysis, check to measure Mcleod Russel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mcleod Russel is operating at the current time. Most of Mcleod Russel's value examination focuses on studying past and present price action to predict the probability of Mcleod Russel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mcleod Russel's price. Additionally, you may evaluate how the addition of Mcleod Russel to your portfolios can decrease your overall portfolio volatility.