PLx Pharma Stock Forecast - Polynomial Regression
PLXPDelisted Stock | USD 0 0.00 0.00% |
The Polynomial Regression forecasted value of PLx Pharma on the next trading day is expected to be 0.02 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.12. PLx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PLx Pharma stock prices and determine the direction of PLx Pharma's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PLx Pharma's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. PLx |
Most investors in PLx Pharma 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 PLx Pharma's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets PLx Pharma's price structures and extracts relationships that further increase the generated results' accuracy.
PLx Pharma polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for PLx Pharma as well as the accuracy indicators are determined from the period prices. PLx Pharma Polynomial Regression Price Forecast For the 18th of April 2024
Given 90 days horizon, the Polynomial Regression forecasted value of PLx Pharma on the next trading day is expected to be 0.02 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.12.Please note that although there have been many attempts to predict PLx 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 PLx Pharma's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
PLx Pharma Stock Forecast Pattern
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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 PLx Pharma stock data series using in forecasting. Note that when a statistical model is used to represent PLx Pharma 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 | 111.6252 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.0184 |
MAPE | Mean absolute percentage error | 1.0404 |
SAE | Sum of the absolute errors | 1.1241 |
Predictive Modules for PLx Pharma
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PLx Pharma. 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 PLx Pharma'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.
View PLx Pharma Related Equities
Risk & Return | Correlation |
PLx Pharma Market Strength Events
Market strength indicators help investors to evaluate how PLx Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PLx Pharma shares will generate the highest return on investment. By undertsting and applying PLx Pharma stock market strength indicators, traders can identify PLx Pharma entry and exit signals to maximize returns.
Accumulation Distribution | 0.35 | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 0.0051 | |||
Day Typical Price | 0.0047 | |||
Market Facilitation Index | 0.0022 | |||
Price Action Indicator | (0) |
PLx Pharma Risk Indicators
The analysis of PLx Pharma'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 PLx Pharma's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting plx 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 | 18.68 | |||
Standard Deviation | 36.03 | |||
Variance | 1298.16 |
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 PLx Pharma 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.Build Optimal Portfolios
Align your risk with return expectations
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in PLx Stock
If you are still planning to invest in PLx Pharma check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PLx Pharma's history and understand the potential risks before investing.
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