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Dr Reddys Stock Forecast - Polynomial Regression

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RDY -- USA Stock  

USD 43.61  1.19  2.81%

Investors can use this prediction interface to forecast Dr Reddys historic stock prices and determine the direction of Dr Reddys Laboratories Ltd 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 Dr Reddys historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections.
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Dr Reddys polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Dr Reddys Laboratories Ltd as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 44.287478

Dr Reddys Stock Forecast Pattern

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Dr Reddys Forecasted Value

Market Value
43.61
February 25, 2020
44.29
Expected Value
49.03
Upside

Model Predictive Factors

AICAkaike Information Criteria117.315
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5357
MAPEMean absolute percentage error0.0127
SAESum of the absolute errors32.6776
A single variable polynomial regression model attempts to put a curve through the Dr Reddys 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

Volatility Measures

Dr Reddys Risk Indicators

Current Sentiment - RDY

Dr Reddys Laboratories Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Dr Reddys Laboratories Ltd. What is your opinion about investing in Dr Reddys Laboratories Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.