Syntec Optics Stock Forecast - Polynomial Regression
| OPTXW Stock | 0.18 0.02 10.00% |
The Polynomial Regression forecasted value of Syntec Optics Holdings on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.68. Syntec Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Syntec Optics stock prices and determine the direction of Syntec Optics Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Syntec Optics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Syntec Optics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Syntec Optics' systematic risk associated with finding meaningful patterns of Syntec Optics fundamentals over time.
Check out Historical Fundamental Analysis of Syntec Optics to cross-verify your projections. Syntec |
Most investors in Syntec Optics cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Syntec Optics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Syntec Optics' price structures and extracts relationships that further increase the generated results' accuracy.
Syntec Optics polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Syntec Optics Holdings as well as the accuracy indicators are determined from the period prices. Syntec Optics Polynomial Regression Price Forecast For the 20th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Syntec Optics Holdings on the next trading day is expected to be 0.16 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.68.Please note that although there have been many attempts to predict Syntec 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 Syntec Optics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Syntec Optics Stock Forecast Pattern
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Syntec Optics Forecasted Value
In the context of forecasting Syntec Optics' 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. Syntec Optics' downside and upside margins for the forecasting period are 0 and 5.86, respectively. We have considered Syntec Optics' 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.
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 Syntec Optics stock data series using in forecasting. Note that when a statistical model is used to represent Syntec Optics 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 | 109.6031 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0112 |
| MAPE | Mean absolute percentage error | 0.0821 |
| SAE | Sum of the absolute errors | 0.6842 |
Predictive Modules for Syntec Optics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Syntec Optics Holdings. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Syntec Optics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Syntec Optics
For every potential investor in Syntec, whether a beginner or expert, Syntec Optics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Syntec Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Syntec. Basic forecasting techniques help filter out the noise by identifying Syntec Optics' price trends.Syntec Optics 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 Syntec Optics stock to make a market-neutral strategy. Peer analysis of Syntec Optics could also be used in its relative valuation, which is a method of valuing Syntec Optics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Syntec Optics Holdings 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 Syntec Optics' 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 Syntec Optics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Syntec Optics Market Strength Events
Market strength indicators help investors to evaluate how Syntec Optics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Syntec Optics shares will generate the highest return on investment. By undertsting and applying Syntec Optics stock market strength indicators, traders can identify Syntec Optics Holdings entry and exit signals to maximize returns.
Syntec Optics Risk Indicators
The analysis of Syntec Optics' 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 Syntec Optics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting syntec 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 | 8.36 | |||
| Semi Deviation | 9.65 | |||
| Standard Deviation | 14.0 | |||
| Variance | 195.9 | |||
| Downside Variance | 246.16 | |||
| Semi Variance | 93.14 | |||
| Expected Short fall | (16.44) |
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.When determining whether Syntec Optics Holdings is a strong investment it is important to analyze Syntec Optics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Syntec Optics' future performance. For an informed investment choice regarding Syntec Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Syntec Optics to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Syntec Stock analysis
When running Syntec Optics' price analysis, check to measure Syntec Optics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Syntec Optics is operating at the current time. Most of Syntec Optics' value examination focuses on studying past and present price action to predict the probability of Syntec Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syntec Optics' price. Additionally, you may evaluate how the addition of Syntec Optics to your portfolios can decrease your overall portfolio volatility.
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Is Syntec Optics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Syntec Optics. If investors know Syntec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Syntec Optics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth 0.112 |
The market value of Syntec Optics Holdings is measured differently than its book value, which is the value of Syntec that is recorded on the company's balance sheet. Investors also form their own opinion of Syntec Optics' value that differs from its market value or its book value, called intrinsic value, which is Syntec Optics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Syntec Optics' market value can be influenced by many factors that don't directly affect Syntec Optics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Syntec Optics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Syntec Optics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Syntec Optics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.