PGE Corp Stock Forecast - Simple Regression

PCG Stock  USD 16.76  0.02  0.12%   
The Simple Regression forecasted value of PGE Corp on the next trading day is expected to be 16.07 with a mean absolute deviation of  0.29  and the sum of the absolute errors of 17.62. PGE Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PGE Corp stock prices and determine the direction of PGE Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PGE Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of PGE Corp to cross-verify your projections.
For more detail on how to invest in PGE Stock please use our How to Invest in PGE Corp guide.
  
Most investors in PGE Corp 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 PGE Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PGE Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through PGE Corp 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.

PGE Corp Simple Regression Price Forecast For the 29th of March

Given 90 days horizon, the Simple Regression forecasted value of PGE Corp on the next trading day is expected to be 16.07 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.14, and the sum of the absolute errors of 17.62.
Please note that although there have been many attempts to predict PGE 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 PGE Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

PGE Corp Stock Forecast Pattern

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PGE Corp Forecasted Value

In the context of forecasting PGE Corp'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. PGE Corp's downside and upside margins for the forecasting period are 14.80 and 17.34, respectively. We have considered PGE Corp'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.
Market Value
16.76
16.07
Expected Value
17.34
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of PGE Corp stock data series using in forecasting. Note that when a statistical model is used to represent PGE Corp 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.
AICAkaike Information Criteria116.1142
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2889
MAPEMean absolute percentage error0.0171
SAESum of the absolute errors17.6244
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 PGE Corp historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for PGE Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PGE Corp. 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 PGE Corp'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.
Hype
Prediction
LowEstimatedHigh
15.4716.7518.03
Details
Intrinsic
Valuation
LowRealHigh
15.0718.0319.31
Details
Bollinger
Band Projection (param)
LowMiddleHigh
16.0716.4716.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PGE Corp. Your research has to be compared to or analyzed against PGE Corp's peers to derive any actionable benefits. When done correctly, PGE Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PGE Corp.

Other Forecasting Options for PGE Corp

For every potential investor in PGE, whether a beginner or expert, PGE Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PGE Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PGE. Basic forecasting techniques help filter out the noise by identifying PGE Corp's price trends.

PGE Corp 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 PGE Corp stock to make a market-neutral strategy. Peer analysis of PGE Corp could also be used in its relative valuation, which is a method of valuing PGE Corp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

PGE Corp 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 PGE Corp'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 PGE Corp's current price.

PGE Corp Market Strength Events

Market strength indicators help investors to evaluate how PGE Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PGE Corp shares will generate the highest return on investment. By undertsting and applying PGE Corp stock market strength indicators, traders can identify PGE Corp entry and exit signals to maximize returns.

PGE Corp Risk Indicators

The analysis of PGE Corp'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 PGE Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pge 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.
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.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as PGE Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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When determining whether PGE Corp is a strong investment it is important to analyze PGE Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PGE Corp's future performance. For an informed investment choice regarding PGE Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of PGE Corp to cross-verify your projections.
For more detail on how to invest in PGE Stock please use our How to Invest in PGE Corp guide.
Note that the PGE Corp information on this page should be used as a complementary analysis to other PGE Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for PGE Stock analysis

When running PGE Corp's price analysis, check to measure PGE Corp'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 PGE Corp is operating at the current time. Most of PGE Corp's value examination focuses on studying past and present price action to predict the probability of PGE Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PGE Corp's price. Additionally, you may evaluate how the addition of PGE Corp to your portfolios can decrease your overall portfolio volatility.
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Is PGE Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PGE Corp. If investors know PGE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PGE Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of PGE Corp is measured differently than its book value, which is the value of PGE that is recorded on the company's balance sheet. Investors also form their own opinion of PGE Corp's value that differs from its market value or its book value, called intrinsic value, which is PGE Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PGE Corp's market value can be influenced by many factors that don't directly affect PGE Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PGE Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGE Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGE Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.