Tymbal Resources Stock Forecast - Polynomial Regression

TYMB Stock  CAD 0.01  0.00  0.00%   
The Polynomial Regression forecasted value of Tymbal Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.18. Tymbal Stock Forecast is based on your current time horizon.
  
At this time, Tymbal Resources' Total Current Assets are fairly stable compared to the past year. Net Debt is likely to climb to about 4.8 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 51.4 K in 2024.
Tymbal Resources polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Tymbal Resources as well as the accuracy indicators are determined from the period prices.

Tymbal Resources Polynomial Regression Price Forecast For the 24th of July

Given 90 days horizon, the Polynomial Regression forecasted value of Tymbal Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.000014, and the sum of the absolute errors of 0.18.
Please note that although there have been many attempts to predict Tymbal 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 Tymbal Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tymbal Resources Stock Forecast Pattern

Backtest Tymbal ResourcesTymbal Resources Price PredictionBuy or Sell Advice 

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 Tymbal Resources stock data series using in forecasting. Note that when a statistical model is used to represent Tymbal Resources 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 Criteria106.9224
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0029
MAPEMean absolute percentage error0.1544
SAESum of the absolute errors0.1797
A single variable polynomial regression model attempts to put a curve through the Tymbal Resources 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

Predictive Modules for Tymbal Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tymbal Resources. 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 Tymbal Resources' 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
0.000.0217.54
Details
Intrinsic
Valuation
LowRealHigh
0.000.0117.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tymbal Resources. Your research has to be compared to or analyzed against Tymbal Resources' peers to derive any actionable benefits. When done correctly, Tymbal Resources' 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 Tymbal Resources.

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

Tymbal Resources Market Strength Events

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

Tymbal Resources Risk Indicators

The analysis of Tymbal Resources' 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 Tymbal Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tymbal 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Tymbal Stock Analysis

When running Tymbal Resources' price analysis, check to measure Tymbal Resources' 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 Tymbal Resources is operating at the current time. Most of Tymbal Resources' value examination focuses on studying past and present price action to predict the probability of Tymbal Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tymbal Resources' price. Additionally, you may evaluate how the addition of Tymbal Resources to your portfolios can decrease your overall portfolio volatility.