Barnes Stock Forecast - Polynomial Regression

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B -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Investors can use this prediction interface to forecast Barnes historic stock prices and determine the direction of Barnes Group future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Barnes historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Barnes Group systematic risks associated with finding meaningful patterns of Barnes fundamentals over time. Continue to Historical Fundamental Analysis of Barnes to cross-verify your projections.
Barnes polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Barnes Group as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Barnes Group on the next trading day is expected to be 57.787693

Barnes Stock Forecast Pattern

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Barnes Forecasted Value

Market Value
February 27, 2020
Expected Value

Model Predictive Factors

AICAkaike Information Criteria118.9656
BiasArithmetic mean of the errors None
MADMean absolute deviation1.1449
MAPEMean absolute percentage error0.0183
SAESum of the absolute errors69.8372
A single variable polynomial regression model attempts to put a curve through the Barnes 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

Volatility Measures

Barnes Risk Indicators

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Barnes Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Barnes and General Electric. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Historical Fundamental Analysis of Barnes to cross-verify your projections. Please also try CEO Directory module to screen ceos from public companies around the world.