Harmony Gold Stock Forecast - Simple Regression

Most investors in Harmony Gold 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 Harmony Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Harmony Gold's price structures and extracts relationships that further increase the accuracy of the generated results. Simple Regression model is a single variable regression model that attempts to put a straight line through Harmony Gold 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.

Harmony Gold Simple Regression Price Forecast For the 22nd of October

Given 90 days horizon, the Simple Regression forecasted value of Harmony Gold Mining on the next trading day is expected to be 10.49 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.49, and the sum of the absolute errors of 35.27.

Harmony Gold Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Harmony Gold stock data series using in forecasting. Note that when a statistical model is used to represent Harmony Gold 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. 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 Harmony Gold Mining historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Harmony Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Harmony Gold Mining. 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 Low Estimated High 8.22 11.72 15.22 Details

Intrinsic Valuation Low Real High 3.21 6.71 12.96 Details

Bollinger Band Projection (param) Low Middle High 8.57 10.24 11.92 Details

1 Analysts Consensus Low Target High 3.29 3.62 4.02 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harmony Gold. Your research has to be compared to or analyzed against Harmony Gold's peers to derive any actionable benefits. When done correctly, Harmony Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harmony Gold Mining.

Other Forecasting Options for Harmony Gold

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

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Harmony Gold Mining 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 Harmony Gold'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 Harmony Gold's current price.

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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.

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