STMicroelectronics Stock Forecast - Polynomial Regression
| STMN34 Stock | 206.85 0.00 0.00% |
The Polynomial Regression forecasted value of STMicroelectronics NV on the next trading day is expected to be 208.79 with a mean absolute deviation of 3.12 and the sum of the absolute errors of 190.11. STMicroelectronics Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast STMicroelectronics stock prices and determine the direction of STMicroelectronics NV's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of STMicroelectronics' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of STMicroelectronics to cross-verify your projections. STMicroelectronics |
Most investors in STMicroelectronics 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 STMicroelectronics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets STMicroelectronics' price structures and extracts relationships that further increase the generated results' accuracy.
STMicroelectronics polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for STMicroelectronics NV as well as the accuracy indicators are determined from the period prices. STMicroelectronics Polynomial Regression Price Forecast For the 2nd of June
Given 90 days horizon, the Polynomial Regression forecasted value of STMicroelectronics NV on the next trading day is expected to be 208.79 with a mean absolute deviation of 3.12, mean absolute percentage error of 17.08, and the sum of the absolute errors of 190.11.Please note that although there have been many attempts to predict STMicroelectronics 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 STMicroelectronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
STMicroelectronics Stock Forecast Pattern
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STMicroelectronics Forecasted Value
In the context of forecasting STMicroelectronics' 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. STMicroelectronics' downside and upside margins for the forecasting period are 207.11 and 210.47, respectively. We have considered STMicroelectronics' 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 STMicroelectronics stock data series using in forecasting. Note that when a statistical model is used to represent STMicroelectronics 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 | 120.9484 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.1165 |
| MAPE | Mean absolute percentage error | 0.0144 |
| SAE | Sum of the absolute errors | 190.1093 |
Predictive Modules for STMicroelectronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STMicroelectronics. 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 STMicroelectronics' 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 STMicroelectronics
For every potential investor in STMicroelectronics, whether a beginner or expert, STMicroelectronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. STMicroelectronics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in STMicroelectronics. Basic forecasting techniques help filter out the noise by identifying STMicroelectronics' price trends.STMicroelectronics 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 STMicroelectronics stock to make a market-neutral strategy. Peer analysis of STMicroelectronics could also be used in its relative valuation, which is a method of valuing STMicroelectronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
STMicroelectronics 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 STMicroelectronics' 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 STMicroelectronics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
STMicroelectronics Market Strength Events
Market strength indicators help investors to evaluate how STMicroelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading STMicroelectronics shares will generate the highest return on investment. By undertsting and applying STMicroelectronics stock market strength indicators, traders can identify STMicroelectronics NV entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 206.85 | |||
| Day Typical Price | 206.85 |
STMicroelectronics Risk Indicators
The analysis of STMicroelectronics' 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 STMicroelectronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting stmicroelectronics 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 | 0.7182 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of STMicroelectronics to cross-verify your projections. Note that the STMicroelectronics information on this page should be used as a complementary analysis to other STMicroelectronics' 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for STMicroelectronics Stock analysis
When running STMicroelectronics' price analysis, check to measure STMicroelectronics' 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 STMicroelectronics is operating at the current time. Most of STMicroelectronics' value examination focuses on studying past and present price action to predict the probability of STMicroelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STMicroelectronics' price. Additionally, you may evaluate how the addition of STMicroelectronics to your portfolios can decrease your overall portfolio volatility.
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