Paz Oil Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Paz Oil 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.

Paz Oil Simple Regression Price Forecast For the 24th of April

Given 90 days horizon, the Simple Regression forecasted value of Paz Oil on the next trading day is expected to be 38,896 with a mean absolute deviation of 1,284, mean absolute percentage error of 2,485,508, and the sum of the absolute errors of 78,322.

Paz Oil Stock Forecast Pattern

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Paz Oil Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Paz Oil stock data series using in forecasting. Note that when a statistical model is used to represent Paz Oil 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. 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 Paz Oil 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 Paz Oil

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paz Oil. 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 36,178 36,180 36,182 Details

Intrinsic Valuation Low Real High 32,562 37,300 37,302 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paz Oil. Your research has to be compared to or analyzed against Paz Oil's peers to derive any actionable benefits. When done correctly, Paz Oil's 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 Paz Oil.

Other Forecasting Options for Paz Oil

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

Paz Oil Related Equities

Risk & Return

Correlation

Paz Oil 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 Paz Oil's 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 Paz Oil's current price.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Paz Oil using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Altman Z Score Details

Intrinsic Valuation Details

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Technical Analysis Details

Please note, there is a significant difference between Paz Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paz Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paz Oil's 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.