Volvo Car Stock Forecast - Polynomial Regression

VOLCAR-B   22.82  0.91  3.83%   
The Polynomial Regression forecasted value of Volvo Car AB on the next trading day is expected to be 24.37 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 43.78. Volvo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Volvo Car stock prices and determine the direction of Volvo Car AB's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Volvo Car's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Volvo Car polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Volvo Car AB as well as the accuracy indicators are determined from the period prices.

Volvo Car Polynomial Regression Price Forecast For the 5th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Volvo Car AB on the next trading day is expected to be 24.37 with a mean absolute deviation of 0.72, mean absolute percentage error of 0.98, and the sum of the absolute errors of 43.78.
Please note that although there have been many attempts to predict Volvo 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 Volvo Car's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Volvo Car Stock Forecast Pattern

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Volvo Car Forecasted Value

In the context of forecasting Volvo Car'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. Volvo Car's downside and upside margins for the forecasting period are 21.22 and 27.52, respectively. We have considered Volvo Car'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
22.82
24.37
Expected Value
27.52
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 Volvo Car stock data series using in forecasting. Note that when a statistical model is used to represent Volvo Car 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 Criteria118.0879
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7177
MAPEMean absolute percentage error0.0293
SAESum of the absolute errors43.779
A single variable polynomial regression model attempts to put a curve through the Volvo Car 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 Volvo Car

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Volvo Car AB. 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
19.6722.8225.97
Details
Intrinsic
Valuation
LowRealHigh
16.0219.1725.10
Details
Bollinger
Band Projection (param)
LowMiddleHigh
22.8123.3023.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Volvo Car. Your research has to be compared to or analyzed against Volvo Car's peers to derive any actionable benefits. When done correctly, Volvo Car'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 Volvo Car AB.

Other Forecasting Options for Volvo Car

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

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

Volvo Car AB 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 Volvo Car'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 Volvo Car's current price.

Volvo Car Market Strength Events

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

Volvo Car Risk Indicators

The analysis of Volvo Car'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 Volvo Car's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting volvo 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Other Information on Investing in Volvo Stock

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