Laboratory Stock Forecast - Polynomial Regression

LH Stock  USD 199.97  1.96  0.97%   
The Polynomial Regression forecasted value of Laboratory of on the next trading day is expected to be 200.94 with a mean absolute deviation of  2.22  and the sum of the absolute errors of 135.50. Laboratory Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Laboratory stock prices and determine the direction of Laboratory of's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Laboratory's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Laboratory's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Laboratory's systematic risk associated with finding meaningful patterns of Laboratory fundamentals over time.
Check out Historical Fundamental Analysis of Laboratory to cross-verify your projections.
  
As of now, Laboratory's Asset Turnover is decreasing as compared to previous years. . The Laboratory's current Common Stock Shares Outstanding is estimated to increase to about 96 M. The Laboratory's current Net Income Applicable To Common Shares is estimated to increase to about 1.5 B.

Open Interest Against 2024-04-19 Laboratory Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Laboratory's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Laboratory's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Laboratory stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Laboratory's open interest, investors have to compare it to Laboratory's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Laboratory is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Laboratory. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Laboratory 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 Laboratory's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Laboratory's price structures and extracts relationships that further increase the generated results' accuracy.
Laboratory polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Laboratory of as well as the accuracy indicators are determined from the period prices.

Laboratory Polynomial Regression Price Forecast For the 19th of April

Given 90 days horizon, the Polynomial Regression forecasted value of Laboratory of on the next trading day is expected to be 200.94 with a mean absolute deviation of 2.22, mean absolute percentage error of 8.13, and the sum of the absolute errors of 135.50.
Please note that although there have been many attempts to predict Laboratory 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 Laboratory's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Laboratory Stock Forecast Pattern

Backtest LaboratoryLaboratory Price PredictionBuy or Sell Advice 

Laboratory Forecasted Value

In the context of forecasting Laboratory'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. Laboratory's downside and upside margins for the forecasting period are 199.85 and 202.02, respectively. We have considered Laboratory'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
199.97
199.85
Downside
200.94
Expected Value
202.02
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 Laboratory stock data series using in forecasting. Note that when a statistical model is used to represent Laboratory 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 Criteria120.2063
BiasArithmetic mean of the errors None
MADMean absolute deviation2.2212
MAPEMean absolute percentage error0.0103
SAESum of the absolute errors135.4952
A single variable polynomial regression model attempts to put a curve through the Laboratory 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 Laboratory

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Laboratory. 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 Laboratory's 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.
Hype
Prediction
LowEstimatedHigh
199.01200.09201.17
Details
Intrinsic
Valuation
LowRealHigh
179.97225.46226.54
Details
Bollinger
Band Projection (param)
LowMiddleHigh
200.11209.74219.36
Details
16 Analysts
Consensus
LowTargetHigh
222.11244.08270.93
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Laboratory. Your research has to be compared to or analyzed against Laboratory's peers to derive any actionable benefits. When done correctly, Laboratory'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 Laboratory.

Other Forecasting Options for Laboratory

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

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

Laboratory 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 Laboratory'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 Laboratory's current price.

Laboratory Market Strength Events

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

Laboratory Risk Indicators

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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Laboratory offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Laboratory's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Laboratory Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Laboratory Of Stock:
Check out Historical Fundamental Analysis of Laboratory to cross-verify your projections.
Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Laboratory Stock analysis

When running Laboratory's price analysis, check to measure Laboratory's 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 Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Commodity Directory
Find actively traded commodities issued by global exchanges
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Money Managers
Screen money managers from public funds and ETFs managed around the world
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Is Laboratory's 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 Laboratory. If investors know Laboratory 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 Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
2.88
Earnings Share
4.32
Revenue Per Share
139.628
Quarterly Revenue Growth
0.035
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory's 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 Laboratory's market value can be influenced by many factors that don't directly affect Laboratory's 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 Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory's 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.