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Babcock Wilcox Stock Forecast - Simple Regression

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BW -- USA Stock  

USD 4.15  0.09  2.12%

Investors can use this prediction interface to forecast Babcock Wilcox historic stock prices and determine the direction of Babcock Wilcox Enterprises I 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 Babcock Wilcox 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 Babcock Wilcox Enterprises I systematic risks associated with finding meaningful patterns of Babcock Wilcox fundamentals over time. Continue to Historical Fundamental Analysis of Babcock Wilcox to cross-verify your projections.
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Simple Regression model is a single variable regression model that attempts to put a straight line through Babcock Wilcox 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.
Given 30 days horizon, the value of Babcock Wilcox Enterprises I on the next trading day is expected to be 5.037311

Babcock Wilcox Stock Forecast Pattern

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Babcock Wilcox Forecasted Value

Market Value
4.15
February 28, 2020
0.0415
Downside
5.04
Expected Value
15.55
Upside

Model Predictive Factors

AICAkaike Information Criteria116.3896
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3493
MAPEMean absolute percentage error0.0867
SAESum of the absolute errors21.309
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 Babcock Wilcox Enterprises I historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Volatility Measures

Babcock Wilcox Risk Indicators

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Babcock Wilcox Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Babcock Wilcox and Ampco Pittsburgh. 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 Babcock Wilcox to cross-verify your projections. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.