Nextcom Stock Forecast - Simple Regression

NXTM Stock  ILS 925.60  3.40  0.37%   
The Simple Regression forecasted value of Nextcom on the next trading day is expected to be 945.76 with a mean absolute deviation of 18.15 and the sum of the absolute errors of 1,107. Nextcom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nextcom stock prices and determine the direction of Nextcom's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nextcom's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Nextcom price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Nextcom Simple Regression Price Forecast For the 1st of March

Given 90 days horizon, the Simple Regression forecasted value of Nextcom on the next trading day is expected to be 945.76 with a mean absolute deviation of 18.15, mean absolute percentage error of 525.15, and the sum of the absolute errors of 1,107.
Please note that although there have been many attempts to predict Nextcom 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 Nextcom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nextcom Stock Forecast Pattern

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Nextcom Forecasted Value

In the context of forecasting Nextcom'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. Nextcom's downside and upside margins for the forecasting period are 943.88 and 947.64, respectively. We have considered Nextcom'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
925.60
943.88
Downside
945.76
Expected Value
947.64
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Nextcom stock data series using in forecasting. Note that when a statistical model is used to represent Nextcom 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 Criteria124.3742
BiasArithmetic mean of the errors None
MADMean absolute deviation18.1514
MAPEMean absolute percentage error0.0249
SAESum of the absolute errors1107.2374
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Nextcom historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Nextcom

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextcom. 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
923.72925.60927.48
Details
Intrinsic
Valuation
LowRealHigh
833.041,0051,007
Details
Bollinger
Band Projection (param)
LowMiddleHigh
803.27883.12962.97
Details

Other Forecasting Options for Nextcom

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

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

Nextcom 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 Nextcom'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 Nextcom's current price.

Nextcom Market Strength Events

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

Nextcom Risk Indicators

The analysis of Nextcom'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 Nextcom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextcom 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 Nextcom Stock

Nextcom financial ratios help investors to determine whether Nextcom 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 Nextcom with respect to the benefits of owning Nextcom security.