Centrais Eltricas Preferred Stock Forecast - Polynomial Regression
| ELET6 Preferred Stock | BRL 42.40 0.84 2.02% |
The Polynomial Regression forecasted value of Centrais Eltricas Brasileiras on the next trading day is expected to be 40.16 with a mean absolute deviation of 0.61 and the sum of the absolute errors of 38.05. Centrais Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Centrais Eltricas stock prices and determine the direction of Centrais Eltricas Brasileiras's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Centrais Eltricas' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Centrais Eltricas to cross-verify your projections. Centrais |
Most investors in Centrais Eltricas cannot accurately predict what will happen the next trading day because, historically, preferred stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Centrais Eltricas' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Centrais Eltricas' price structures and extracts relationships that further increase the generated results' accuracy.
Centrais Eltricas polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Centrais Eltricas Brasileiras as well as the accuracy indicators are determined from the period prices. Centrais Eltricas Polynomial Regression Price Forecast For the 4th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Centrais Eltricas Brasileiras on the next trading day is expected to be 40.16 with a mean absolute deviation of 0.61, mean absolute percentage error of 0.66, and the sum of the absolute errors of 38.05.Please note that although there have been many attempts to predict Centrais Preferred Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Centrais Eltricas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Centrais Eltricas Preferred Stock Forecast Pattern
| Backtest Centrais Eltricas | Centrais Eltricas Price Prediction | Buy or Sell Advice |
Centrais Eltricas Forecasted Value
In the context of forecasting Centrais Eltricas' Preferred Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Centrais Eltricas' downside and upside margins for the forecasting period are 38.65 and 41.68, respectively. We have considered Centrais Eltricas' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 Centrais Eltricas preferred stock data series using in forecasting. Note that when a statistical model is used to represent Centrais Eltricas preferred 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.| AIC | Akaike Information Criteria | 119.5363 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6136 |
| MAPE | Mean absolute percentage error | 0.0137 |
| SAE | Sum of the absolute errors | 38.0456 |
Predictive Modules for Centrais Eltricas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Centrais Eltricas. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centrais Eltricas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Centrais Eltricas
For every potential investor in Centrais, whether a beginner or expert, Centrais Eltricas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Centrais Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Centrais. Basic forecasting techniques help filter out the noise by identifying Centrais Eltricas' price trends.Centrais Eltricas Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Centrais Eltricas preferred stock to make a market-neutral strategy. Peer analysis of Centrais Eltricas could also be used in its relative valuation, which is a method of valuing Centrais Eltricas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Centrais Eltricas Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Centrais Eltricas' 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 Centrais Eltricas' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Centrais Eltricas Market Strength Events
Market strength indicators help investors to evaluate how Centrais Eltricas preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Centrais Eltricas shares will generate the highest return on investment. By undertsting and applying Centrais Eltricas preferred stock market strength indicators, traders can identify Centrais Eltricas Brasileiras entry and exit signals to maximize returns.
Centrais Eltricas Risk Indicators
The analysis of Centrais Eltricas' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Centrais Eltricas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting centrais preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.09 | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.27 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Centrais Eltricas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centrais Eltricas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centrais Eltricas will appreciate offsetting losses from the drop in the long position's value.Moving against Centrais Preferred Stock
| 0.81 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.46 | JPMC34 | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Centrais Eltricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrais Eltricas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centrais Eltricas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centrais Eltricas Brasileiras to buy it.
The correlation of Centrais Eltricas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centrais Eltricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrais Eltricas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centrais Eltricas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Centrais Eltricas to cross-verify your projections. Note that the Centrais Eltricas information on this page should be used as a complementary analysis to other Centrais Eltricas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Centrais Preferred Stock analysis
When running Centrais Eltricas' price analysis, check to measure Centrais Eltricas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centrais Eltricas is operating at the current time. Most of Centrais Eltricas' value examination focuses on studying past and present price action to predict the probability of Centrais Eltricas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrais Eltricas' price. Additionally, you may evaluate how the addition of Centrais Eltricas to your portfolios can decrease your overall portfolio volatility.
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