Tigaraksa Satria Stock Forecast - Simple Regression

TGKA Stock  IDR 6,175  25.00  0.40%   
The Simple Regression forecasted value of Tigaraksa Satria Tbk on the next trading day is expected to be 6,238 with a mean absolute deviation of 119.07 and the sum of the absolute errors of 7,263. Tigaraksa Stock Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Tigaraksa Satria 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.

Tigaraksa Satria Simple Regression Price Forecast For the 5th of December

Given 90 days horizon, the Simple Regression forecasted value of Tigaraksa Satria Tbk on the next trading day is expected to be 6,238 with a mean absolute deviation of 119.07, mean absolute percentage error of 22,090, and the sum of the absolute errors of 7,263.
Please note that although there have been many attempts to predict Tigaraksa 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 Tigaraksa Satria's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tigaraksa Satria Stock Forecast Pattern

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Tigaraksa Satria Forecasted Value

In the context of forecasting Tigaraksa Satria'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. Tigaraksa Satria's downside and upside margins for the forecasting period are 6,237 and 6,240, respectively. We have considered Tigaraksa Satria'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
6,175
6,238
Expected Value
6,240
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 Tigaraksa Satria stock data series using in forecasting. Note that when a statistical model is used to represent Tigaraksa Satria 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 Criteria128.1134
BiasArithmetic mean of the errors None
MADMean absolute deviation119.0707
MAPEMean absolute percentage error0.0183
SAESum of the absolute errors7263.3157
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 Tigaraksa Satria Tbk 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 Tigaraksa Satria

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tigaraksa Satria Tbk. 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
6,1736,1756,177
Details
Intrinsic
Valuation
LowRealHigh
5,2905,2926,792
Details
Bollinger
Band Projection (param)
LowMiddleHigh
6,0986,2416,385
Details

Other Forecasting Options for Tigaraksa Satria

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

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

Tigaraksa Satria Tbk 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 Tigaraksa Satria'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 Tigaraksa Satria's current price.

Tigaraksa Satria Market Strength Events

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

Tigaraksa Satria Risk Indicators

The analysis of Tigaraksa Satria'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 Tigaraksa Satria's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tigaraksa 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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Other Information on Investing in Tigaraksa Stock

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