Macys Polynomial Regression

Macys Inc -- USA Stock  

USD 27.36  0.11  0.4%

Investors can use this prediction interface to forecast Macys historic prices and determine the direction of Macys Inc future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Macys historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Macys Inc systematic risks associated with finding meaningful patterns of Macys fundamentals over time. Please see also Historical Fundamental Analysis of Macys to cross-verify your projections.
Symbol
Refresh
 Time Horizon     30 Days    Login   to change
Macys polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Macys Inc as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Macys Inc on the next trading day is expected to be 27.288676

Macys Inc Prediction Pattern

Backtest Macys | Macys Price Prediction | Buy or Sell Advice 

Macys Forecasted Value

January 23, 2018
27.36
Market Value
Downside upside
27.29
Next Trading Day Expected Value
Target Price Odds
 Above  Below  
34.91
Upside
Upside upside

Model Predictive Factors

AICAkaike Information Criteria35.8077
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3957
MAPEMean absolute percentage error0.0154
SAESum of the absolute errors6.727
A single variable polynomial regression model attempts to put a curve through the Macys 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

Did you try this?

Run Idea Breakdown Now
   

Idea Breakdown

Analyze constituents of all Macroaxis ideas. Macroaixs investment ideas are predefined, sector-focused investing themes
Hide  View All  NextLaunch Idea Breakdown

Volatility Measures

Macys Risk Indicators