Storebrand Indeks Stock Forecast - Polynomial Regression

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

Storebrand Indeks Polynomial Regression Price Forecast For the 17th of April 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Storebrand Indeks on the next trading day is expected to be 1,801 with a mean absolute deviation of 7.12, mean absolute percentage error of 78.82, and the sum of the absolute errors of 441.72.

Storebrand Indeks Stock Forecast Pattern

Storebrand Indeks Forecasted Value

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 Storebrand Indeks stock data series using in forecasting. Note that when a statistical model is used to represent Storebrand Indeks 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. A single variable polynomial regression model attempts to put a curve through the Storebrand Indeks 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 + ... + a_m*X^m

Predictive Modules for Storebrand Indeks

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Storebrand Indeks. 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 Low Estimated High 1,794 1,795 1,796 Details

Intrinsic Valuation Low Real High 1,752 1,753 1,974 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Storebrand Indeks. Your research has to be compared to or analyzed against Storebrand Indeks' peers to derive any actionable benefits. When done correctly, Storebrand Indeks' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Storebrand Indeks.

Other Forecasting Options for Storebrand Indeks

For every potential investor in Storebrand, whether a beginner or expert, Storebrand Indeks' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Storebrand Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Storebrand. Basic forecasting techniques help filter out the noise by identifying Storebrand Indeks' price trends.

Storebrand Indeks Related Equities

Risk & Return

Correlation

Storebrand Indeks Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Storebrand Indeks' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Storebrand Indeks' current price.

Storebrand Indeks Market Strength Events

Storebrand Indeks Risk Indicators

Currently Active Assets on Macroaxis

Complementary Tools for Storebrand Stock analysis

Please note, there is a significant difference between Storebrand Indeks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Storebrand Indeks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Storebrand Indeks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.