Bursa Malaysia Index Forecast - Simple Regression

BM
KLSE -- Exotistan Index  

 1,521  20.23  1.35%

Bursa Malaysia Index Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bursa Malaysia historical stock prices and determine the direction of Bursa Malaysia's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Bursa Malaysia historical fundamentals such as revenue growth or operating cash flow patterns. Check out fundamental analysis of Bursa Malaysia to check your projections.

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Simple Regression model is a single variable regression model that attempts to put a straight line through Bursa Malaysia 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.

Bursa Malaysia Simple Regression Price Forecast For the 2nd of July

Given 30 days horizon, the forecasted value of Bursa Malaysia on the next trading day is expected to be  1,549  with a mean absolute deviation of  25.61 , mean absolute percentage error of  1,108 , and the sum of the absolute errors of  1,562 
 1,549 

Bursa Malaysia Index Forecast Pattern

Bursa Malaysia Forecasted Value

Market Value
1,521
1st of July 2020
1,549
Expected Value
1,550
Upside

Model Predictive Factors

AICAkaike Information Criteria125.1211
BiasArithmetic mean of the errors None
MADMean absolute deviation25.6053
MAPEMean absolute percentage error0.0175
SAESum of the absolute errors1561.9221
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 Bursa Malaysia 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 Bursa Malaysia

There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Bursa Malaysia. 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.
Hype
Prediction
LowEstimated ValueHigh
1,5131,5141,515
Details
Intrinsic
Valuation
LowReal ValueHigh
1,1351,1361,666
Details

Other Forecasting Options for Bursa Malaysia

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Bursa Malaysia Technical and Predictive Analytics

Bursa Malaysia Market Strength Events

Volatility Measures

Bursa Malaysia Risk Indicators

Current Sentiment - KLSE

Bursa Malaysia Investor Sentiment

Macroaxis traders are unemotional in their take regarding direction of Bursa Malaysia Index. What is your opinion about investing in Exotistan companies? Are you bullish or bearish on Bursa Malaysia?
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Check out fundamental analysis of Bursa Malaysia to check your projections. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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