Storebrand Global Stock Forecast - Polynomial Regression

STIGS -- Denmark Stock  

DKK 994.70  0.00  0.00%

Storebrand Global Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Storebrand Global historical stock prices and determine the direction of Storebrand Global Solutions 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 Storebrand Global historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, take a look at World Market Map.

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

Storebrand Global Polynomial Regression Price Forecast For the 29th of May

Given 30 days horizon, the forecasted value of Storebrand Global Solutions on the next trading day is expected to be  1,145  with a mean absolute deviation of  54.38 , mean absolute percentage error of  4,902 , and the sum of the absolute errors of  1,088 

Storebrand Global Stock Forecast Pattern

Model Predictive Factors

AICAkaike Information Criteria51.2549
BiasArithmetic mean of the errors None
MADMean absolute deviation54.3825
MAPEMean absolute percentage error0.0534
SAESum of the absolute errors1087.6505
A single variable polynomial regression model attempts to put a curve through the Storebrand Global 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 Storebrand Global

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 Global. 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.
LowEstimated ValueHigh
LowReal ValueHigh
Band Projection (param)
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Volatility Measures

Storebrand Global Risk Indicators

Current Sentiment - STIGS

Storebrand Global Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Storebrand Global Solutions. What is your outlook on investing in Storebrand Global Solutions? Are you bullish or bearish?
50% Bullish
50% Bearish

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Additionally, take a look at World Market Map. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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