Book Stock Forecast - Polynomial Regression
| STC Stock | 17,000 0.00 0.00% |
Book |
Book Polynomial Regression Price Forecast For the 30th of December
Given 90 days horizon, the Polynomial Regression forecasted value of Book And Educational on the next trading day is expected to be 17,392 with a mean absolute deviation of 348.51, mean absolute percentage error of 374,176, and the sum of the absolute errors of 21,259.Please note that although there have been many attempts to predict Book 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 Book's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Book Stock Forecast Pattern
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 Book stock data series using in forecasting. Note that when a statistical model is used to represent Book 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 | 130.943 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 348.5129 |
| MAPE | Mean absolute percentage error | 0.0198 |
| SAE | Sum of the absolute errors | 21259.2883 |
Predictive Modules for Book
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Book And Educational. 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.Book 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 Book stock to make a market-neutral strategy. Peer analysis of Book could also be used in its relative valuation, which is a method of valuing Book by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Book Market Strength Events
Market strength indicators help investors to evaluate how Book stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Book shares will generate the highest return on investment. By undertsting and applying Book stock market strength indicators, traders can identify Book And Educational entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17000.0 | |||
| Day Typical Price | 17000.0 |
Book Risk Indicators
The analysis of Book'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 Book's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting book 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 | 1.73 | |||
| Semi Deviation | 2.69 | |||
| Standard Deviation | 3.22 | |||
| Variance | 10.38 | |||
| Downside Variance | 21.41 | |||
| Semi Variance | 7.26 | |||
| Expected Short fall | (3.20) |
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.
Pair Trading with Book
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Book position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Book will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Book could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Book when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Book - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Book And Educational to buy it.
The correlation of Book is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Book moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Book And Educational moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Book can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.