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Dr Reddys Stock Forecast - Simple Regression

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RDY -- USA Stock  

USD 44.80  0.75  1.70%

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.
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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

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Dr Reddys Forecasted Value

Market Value
44.80
February 23, 2020
45.07
Expected Value
49.34
Upside

Model Predictive Factors

AICAkaike Information Criteria117.8894
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7227
MAPEMean absolute percentage error0.0171
SAESum of the absolute errors44.084
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.

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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.