VANADIUMCORP RES Stock Forecast - Polynomial Regression

NWNA Stock   0.09  0.0005  0.53%   
The Polynomial Regression forecasted value of VANADIUMCORP RES on the next trading day is expected to be 0.09 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.48. Investors can use prediction functions to forecast VANADIUMCORP RES's stock prices and determine the direction of VANADIUMCORP RES's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading. We recommend always using this module together with an analysis of VANADIUMCORP RES's historical fundamentals, such as revenue growth or operating cash flow patterns. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
  
VANADIUMCORP RES polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for VANADIUMCORP RES as well as the accuracy indicators are determined from the period prices.

VANADIUMCORP RES Polynomial Regression Price Forecast For the 19th of December

Given 90 days horizon, the Polynomial Regression forecasted value of VANADIUMCORP RES on the next trading day is expected to be 0.09 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0009, and the sum of the absolute errors of 1.48.
Please note that although there have been many attempts to predict VANADIUMCORP 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 VANADIUMCORP RES's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

VANADIUMCORP RES Stock Forecast Pattern

VANADIUMCORP RES Forecasted Value

In the context of forecasting VANADIUMCORP RES'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. VANADIUMCORP RES's downside and upside margins for the forecasting period are 0.0009 and 38.04, respectively. We have considered VANADIUMCORP RES'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
0.09
0.0009
Downside
0.09
Expected Value
38.04
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 VANADIUMCORP RES stock data series using in forecasting. Note that when a statistical model is used to represent VANADIUMCORP RES 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 Criteria111.1179
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0243
MAPEMean absolute percentage error0.429
SAESum of the absolute errors1.4844
A single variable polynomial regression model attempts to put a curve through the VANADIUMCORP RES 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 VANADIUMCORP RES

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as VANADIUMCORP RES. 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as VANADIUMCORP RES. Your research has to be compared to or analyzed against VANADIUMCORP RES's peers to derive any actionable benefits. When done correctly, VANADIUMCORP RES's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in VANADIUMCORP RES.

Other Forecasting Options for VANADIUMCORP RES

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

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

VANADIUMCORP RES 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 VANADIUMCORP RES'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 VANADIUMCORP RES's current price.

VANADIUMCORP RES Market Strength Events

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

VANADIUMCORP RES Risk Indicators

The analysis of VANADIUMCORP RES'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 VANADIUMCORP RES's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting vanadiumcorp 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.

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