Canaf Investments Stock Forecast - Polynomial Regression

CAF Stock  CAD 0.29  0.02  7.41%   
The Polynomial Regression forecasted value of Canaf Investments on the next trading day is expected to be 0.27 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.70. Canaf Stock Forecast is based on your current time horizon.
  
At this time, Canaf Investments' Total Liabilities is fairly stable compared to the past year. Total Current Assets is likely to climb to about 13.5 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 3.4 M in 2024.
Canaf Investments polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Canaf Investments as well as the accuracy indicators are determined from the period prices.

Canaf Investments Polynomial Regression Price Forecast For the 5th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Canaf Investments on the next trading day is expected to be 0.27 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.70.
Please note that although there have been many attempts to predict Canaf 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 Canaf Investments' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Canaf Investments Stock Forecast Pattern

Backtest Canaf InvestmentsCanaf Investments Price PredictionBuy or Sell Advice 

Canaf Investments Forecasted Value

In the context of forecasting Canaf Investments' 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. Canaf Investments' downside and upside margins for the forecasting period are 0 and 4.32, respectively. We have considered Canaf Investments' 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.
Market Value
0.29
0.27
Expected Value
4.32
Upside

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 Canaf Investments stock data series using in forecasting. Note that when a statistical model is used to represent Canaf Investments 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.
AICAkaike Information Criteria109.5698
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0115
MAPEMean absolute percentage error0.0398
SAESum of the absolute errors0.7043
A single variable polynomial regression model attempts to put a curve through the Canaf Investments 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 Canaf Investments

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canaf Investments. 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
LowEstimatedHigh
0.010.274.32
Details
Intrinsic
Valuation
LowRealHigh
0.010.244.29
Details

Other Forecasting Options for Canaf Investments

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

Canaf Investments 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 Canaf Investments stock to make a market-neutral strategy. Peer analysis of Canaf Investments could also be used in its relative valuation, which is a method of valuing Canaf Investments by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Canaf Investments 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 Canaf Investments' 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 Canaf Investments' current price.

Canaf Investments Market Strength Events

Market strength indicators help investors to evaluate how Canaf Investments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canaf Investments shares will generate the highest return on investment. By undertsting and applying Canaf Investments stock market strength indicators, traders can identify Canaf Investments entry and exit signals to maximize returns.

Canaf Investments Risk Indicators

The analysis of Canaf Investments' 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 Canaf Investments' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canaf 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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Canaf Stock Analysis

When running Canaf Investments' price analysis, check to measure Canaf Investments' 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 Canaf Investments is operating at the current time. Most of Canaf Investments' value examination focuses on studying past and present price action to predict the probability of Canaf Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canaf Investments' price. Additionally, you may evaluate how the addition of Canaf Investments to your portfolios can decrease your overall portfolio volatility.