New World Stock Forecast - Polynomial Regression
| NWM Stock | EUR 0.02 0.0005 2.38% |
The Polynomial Regression forecasted value of New World Department on the next trading day is expected to be 0.02 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.07. New Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast New World stock prices and determine the direction of New World Department's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of New World's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of New World to cross-verify your projections. New |
Most investors in New World 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 New World's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets New World's price structures and extracts relationships that further increase the generated results' accuracy.
New World polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for New World Department as well as the accuracy indicators are determined from the period prices. New World Polynomial Regression Price Forecast For the 26th of April
Given 90 days horizon, the Polynomial Regression forecasted value of New World Department on the next trading day is expected to be 0.02 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000219, and the sum of the absolute errors of 0.07.Please note that although there have been many attempts to predict New 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 New World's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
New World Stock Forecast Pattern
| Backtest New World | New World Price Prediction | Buy or Sell Advice |
New World Forecasted Value
In the context of forecasting New World'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. New World's downside and upside margins for the forecasting period are 0.0002 and 4.58, respectively. We have considered New World'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.
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 New World stock data series using in forecasting. Note that when a statistical model is used to represent New World 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 | 106.9151 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0011 |
| MAPE | Mean absolute percentage error | 0.0378 |
| SAE | Sum of the absolute errors | 0.07 |
Predictive Modules for New World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New World Department. 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 New World'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.
Other Forecasting Options for New World
For every potential investor in New, whether a beginner or expert, New World's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. New Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in New. Basic forecasting techniques help filter out the noise by identifying New World's price trends.New World 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 New World stock to make a market-neutral strategy. Peer analysis of New World could also be used in its relative valuation, which is a method of valuing New World by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
New World Department 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 New World'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 New World's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
New World Market Strength Events
Market strength indicators help investors to evaluate how New World stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New World shares will generate the highest return on investment. By undertsting and applying New World stock market strength indicators, traders can identify New World Department entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 0.0215 | |||
| Day Typical Price | 0.0215 | |||
| Price Action Indicator | 3.0E-4 | |||
| Period Momentum Indicator | 5.0E-4 | |||
| Relative Strength Index | 42.57 |
New World Risk Indicators
The analysis of New World'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 New World's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new 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 | 2.84 | |||
| Standard Deviation | 4.47 | |||
| Variance | 19.99 |
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 ArchitectCheck out Historical Fundamental Analysis of New World to cross-verify your projections. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for New Stock analysis
When running New World's price analysis, check to measure New World'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 New World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stocks Directory Find actively traded stocks across global markets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |