>

Dr Reddys Stock Forecast - Simple Regression

RDY -- USA Stock

USD 44.800.751.70%

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.
 Equity Dr Reddys Refresh
Simple Regression model is a single variable regression model that attempts to put a straight line through Dr Reddys price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 45.070082

Dr Reddys Stock Forecast Pattern

 Backtest Dr Reddys | Dr Reddys Price Prediction | Buy or Sell Advice

Dr Reddys Forecasted Value

Market Value
44.80
February 23, 2020
 40.80Downside 45.07Expected ValueTarget Odds 49.34Upside

Model Predictive Factors

 AIC Akaike Information Criteria 117.8894 Bias Arithmetic mean of the errors None MAD Mean absolute deviation 0.7227 MAPE Mean absolute percentage error 0.0171 SAE Sum of the absolute errors 44.084
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Dr Reddys Laboratories Ltd historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Dr Reddys Technical Indicators

Dr Reddys Laboratories Technical and Predictive Analytics

 Cycle Indicators Math Operators Math Transform Momentum Indicators Overlap Studies Pattern Recognition Price Transform Statistic Functions Volatility Indicators Volume Indicators

Volatility Measures

Dr Reddys Risk Indicators

 Mean Deviation 1.05 Semi Deviation 1.06 Standard Deviation 1.48 Variance 2.2 Downside Variance 1.67 Semi Variance 1.11 Expected Short fall (1.23)

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
 Skip

Currently Active Assets on Macroaxis

 DUK
Purchased few shares of
 few hours ago Traded for 101.43
 LHCG
Purchased few shares of
 few hours ago Traded for 157.42
 LSCC
Purchased over 100 shares of
 few hours ago Traded for 19.19
 VERU
Purchased over 500 shares of
 few hours ago Traded for 4.58
 AMD
Purchased over 70 shares of
 few hours ago Traded for 57.27
Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.