RALCO AGENCIES Stock Forecast - Polynomial Regression

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RLCO -- Israel Stock  

ILA 1,920  10.00  0.52%

RALCO AGENCIES Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast RALCO AGENCIES historical stock prices and determine the direction of RALCO AGENCIES'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 RALCO AGENCIES historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at Your Equity Center.

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

RALCO AGENCIES Polynomial Regression Price Forecast For the 6th of July

Given 30 days horizon, the forecasted value of RALCO AGENCIES on the next trading day is expected to be  1,899  with a mean absolute deviation of  136.80 , mean absolute percentage error of  41,455 , and the sum of the absolute errors of  8,345 
 1,899 

RALCO AGENCIES Stock Forecast Pattern

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Model Predictive Factors

AICAkaike Information Criteria128.7429
BiasArithmetic mean of the errors None
MADMean absolute deviation136.8025
MAPEMean absolute percentage error0.0687
SAESum of the absolute errors8344.9496
A single variable polynomial regression model attempts to put a curve through the RALCO AGENCIES 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 RALCO AGENCIES

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RALCO AGENCIES. 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
1,9201,9201,920
Details
Intrinsic
Valuation
LowReal ValueHigh
1,6581,6582,112
Details

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Volatility Measures

RALCO AGENCIES Risk Indicators

Current Sentiment - RLCO

RALCO AGENCIES Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in RALCO AGENCIES. What is your perspective on investing in RALCO AGENCIES? Are you bullish or bearish?
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