RALCO AGENCIES Stock Forecast - Simple 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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Simple Regression model is a single variable regression model that attempts to put a straight line through RALCO AGENCIES 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.

RALCO AGENCIES Simple 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  1,752  with a mean absolute deviation of  199.15 , mean absolute percentage error of  69,007 , and the sum of the absolute errors of  12,148 
 1,752 

RALCO AGENCIES Stock Forecast Pattern

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Model Predictive Factors

AICAkaike Information Criteria129.2525
BiasArithmetic mean of the errors None
MADMean absolute deviation199.1512
MAPEMean absolute percentage error0.1022
SAESum of the absolute errors12148.2208
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 RALCO AGENCIES 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 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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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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