Wattanapat Hospital Stock Forecast - Polynomial Regression
| WPH Stock | THB 8.75 0.20 2.23% |
The Polynomial Regression forecasted value of Wattanapat Hospital Trang on the next trading day is expected to be 8.54 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.92. Wattanapat Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wattanapat Hospital stock prices and determine the direction of Wattanapat Hospital Trang's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wattanapat Hospital's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Wattanapat Hospital to cross-verify your projections. Wattanapat |
Most investors in Wattanapat Hospital cannot accurately predict what will happen the next trading day because, historically, 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 Wattanapat Hospital's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Wattanapat Hospital's price structures and extracts relationships that further increase the generated results' accuracy.
Wattanapat Hospital polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Wattanapat Hospital Trang as well as the accuracy indicators are determined from the period prices. Wattanapat Hospital Polynomial Regression Price Forecast For the 6th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Wattanapat Hospital Trang on the next trading day is expected to be 8.54 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.09, and the sum of the absolute errors of 15.92.Please note that although there have been many attempts to predict Wattanapat 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 Wattanapat Hospital's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wattanapat Hospital Stock Forecast Pattern
| Backtest Wattanapat Hospital | Wattanapat Hospital Price Prediction | Buy or Sell Advice |
Wattanapat Hospital Forecasted Value
In the context of forecasting Wattanapat Hospital's 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. Wattanapat Hospital's downside and upside margins for the forecasting period are 5.42 and 11.66, respectively. We have considered Wattanapat Hospital's 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 Wattanapat Hospital stock data series using in forecasting. Note that when a statistical model is used to represent Wattanapat Hospital 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 | 115.7283 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.261 |
| MAPE | Mean absolute percentage error | 0.0341 |
| SAE | Sum of the absolute errors | 15.9237 |
Predictive Modules for Wattanapat Hospital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wattanapat Hospital Trang. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wattanapat Hospital's 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 Wattanapat Hospital
For every potential investor in Wattanapat, whether a beginner or expert, Wattanapat Hospital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wattanapat Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wattanapat. Basic forecasting techniques help filter out the noise by identifying Wattanapat Hospital's price trends.Wattanapat Hospital 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 Wattanapat Hospital stock to make a market-neutral strategy. Peer analysis of Wattanapat Hospital could also be used in its relative valuation, which is a method of valuing Wattanapat Hospital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wattanapat Hospital Trang 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 Wattanapat Hospital'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 Wattanapat Hospital's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wattanapat Hospital Market Strength Events
Market strength indicators help investors to evaluate how Wattanapat Hospital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wattanapat Hospital shares will generate the highest return on investment. By undertsting and applying Wattanapat Hospital stock market strength indicators, traders can identify Wattanapat Hospital Trang entry and exit signals to maximize returns.
Wattanapat Hospital Risk Indicators
The analysis of Wattanapat Hospital's 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 Wattanapat Hospital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wattanapat 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 | 1.95 | |||
| Semi Deviation | 1.45 | |||
| Standard Deviation | 3.01 | |||
| Variance | 9.09 | |||
| Downside Variance | 4.06 | |||
| Semi Variance | 2.1 | |||
| Expected Short fall | (2.93) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Historical Fundamental Analysis of Wattanapat Hospital to cross-verify your projections. Note that the Wattanapat Hospital Trang information on this page should be used as a complementary analysis to other Wattanapat Hospital's 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Wattanapat Stock analysis
When running Wattanapat Hospital's price analysis, check to measure Wattanapat Hospital's 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 Wattanapat Hospital is operating at the current time. Most of Wattanapat Hospital's value examination focuses on studying past and present price action to predict the probability of Wattanapat Hospital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wattanapat Hospital's price. Additionally, you may evaluate how the addition of Wattanapat Hospital to your portfolios can decrease your overall portfolio volatility.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |