RBL Bank Stock Forecast - Polynomial Regression

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RBLBANK -- India Stock  

INR 181.05  5.05  2.71%

RBL Bank Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RBL Bank historical stock prices and determine the direction of RBL Bank Limited'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 RBL Bank historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at Historical Fundamental Analysis of RBL Bank to cross-verify your projections.

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RBL Bank polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for RBL Bank Limited as well as the accuracy indicators are determined from the period prices.

RBL Bank Polynomial Regression Price Forecast For the 15th of July 2020

Given 30 days horizon, the forecasted value of RBL Bank Limited on the next trading day is expected to be  171.49  with a mean absolute deviation of  22.11 , mean absolute percentage error of  3,547 , and the sum of the absolute errors of  1,349 
 171.49 

RBL Bank Stock Forecast Pattern

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RBL Bank Forecasted Value

Market Value
181.05
14th of July 2020
165.18
Downside
171.49
Expected Value
177.80
Upside

Model Predictive Factors

AICAkaike Information Criteria126.2843
BiasArithmetic mean of the errors None
MADMean absolute deviation22.1147
MAPEMean absolute percentage error0.1314
SAESum of the absolute errors1348.9954
A single variable polynomial regression model attempts to put a curve through the RBL Bank 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 RBL Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RBL Bank Limited. 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
174.74181.05187.36
Details
Intrinsic
Valuation
LowReal ValueHigh
167.50173.81199.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
123.46166.47209.47
Details

Other Forecasting Options for RBL Bank

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Additionally, take a look at Historical Fundamental Analysis of RBL Bank to cross-verify your projections. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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