Skandia Greenpower Stock Forward View - Polynomial Regression
| SKAND Stock | NOK 1.71 0.01 0.59% |
Skandia Stock outlook is based on your current time horizon.
As of now, the value of RSI of Skandia Greenpower's share price is approaching 49. This usually implies that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Skandia Greenpower, making its price go up or down. Momentum 49
Impartial
Oversold | Overbought |
Using Skandia Greenpower hype-based prediction, you can estimate the value of Skandia Greenpower AS from the perspective of Skandia Greenpower response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Skandia Greenpower AS on the next trading day is expected to be 1.63 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.80. Skandia Greenpower after-hype prediction price | NOK 1.71 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Skandia |
Skandia Greenpower Additional Predictive Modules
Most predictive techniques to examine Skandia price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Skandia using various technical indicators. When you analyze Skandia charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Skandia Greenpower Polynomial Regression Price Forecast For the 3rd of February
Given 90 days horizon, the Polynomial Regression forecasted value of Skandia Greenpower AS on the next trading day is expected to be 1.63 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.80.Please note that although there have been many attempts to predict Skandia Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Skandia Greenpower's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Skandia Greenpower Stock Forecast Pattern
| Backtest Skandia Greenpower | Skandia Greenpower Price Prediction | Research Analysis |
Skandia Greenpower Forecasted Value
In the context of forecasting Skandia Greenpower'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. Skandia Greenpower's downside and upside margins for the forecasting period are 0.02 and 6.50, respectively. We have considered Skandia Greenpower'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 Skandia Greenpower stock data series using in forecasting. Note that when a statistical model is used to represent Skandia Greenpower 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 | 112.444 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.046 |
| MAPE | Mean absolute percentage error | 0.0273 |
| SAE | Sum of the absolute errors | 2.8039 |
Predictive Modules for Skandia Greenpower
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skandia Greenpower. 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 Skandia Greenpower'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.
Skandia Greenpower After-Hype Price Density Analysis
As far as predicting the price of Skandia Greenpower at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Skandia Greenpower or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Skandia Greenpower, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Skandia Greenpower Estimiated After-Hype Price Volatility
In the context of predicting Skandia Greenpower's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Skandia Greenpower's historical news coverage. Skandia Greenpower's after-hype downside and upside margins for the prediction period are 0.09 and 6.58, respectively. We have considered Skandia Greenpower's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Skandia Greenpower is dangerous at this time. Analysis and calculation of next after-hype price of Skandia Greenpower is based on 3 months time horizon.
Skandia Greenpower Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Skandia Greenpower is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Skandia Greenpower backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Skandia Greenpower, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.19 | 4.87 | 0.00 | 0.03 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1.71 | 1.71 | 0.00 |
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Skandia Greenpower Hype Timeline
Skandia Greenpower is at this time traded for 1.71on Oslo Stock Exchange of Norway. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.03. Skandia is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at 0.19%. %. The volatility of related hype on Skandia Greenpower is about 3141.94%, with the expected price after the next announcement by competition of 1.74. About 75.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.35. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Skandia Greenpower recorded a loss per share of 1.1. The entity had not issued any dividends in recent years. Assuming the 90 days trading horizon the next estimated press release will be within a week. Check out Historical Fundamental Analysis of Skandia Greenpower to cross-verify your projections.Skandia Greenpower Related Hype Analysis
Having access to credible news sources related to Skandia Greenpower's direct competition is more important than ever and may enhance your ability to predict Skandia Greenpower's future price movements. Getting to know how Skandia Greenpower's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Skandia Greenpower may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| LOKO | Lokotech Group AS | 0.00 | 0 per month | 2.82 | 0.04 | 5.71 | (4.41) | 25.22 | |
| TECH | Techstep ASA | 0.00 | 0 per month | 0.00 | (0.02) | 3.85 | (3.70) | 11.07 | |
| OBSRV | Observe Medical Asa | 0.93 | 3 per month | 3.46 | 0.01 | 7.94 | (5.41) | 29.32 | |
| RECSI | REC Silicon ASA | 0.00 | 0 per month | 0.00 | (0.07) | 5.65 | (4.13) | 13.84 | |
| NORDH | Nordhealth AS | 0.00 | 0 per month | 3.48 | 0.02 | 8.24 | (7.22) | 19.65 | |
| SWON | SoftwareOne Holding | 0.00 | 0 per month | 0.00 | (0.02) | 5.16 | (4.99) | 16.98 |
Other Forecasting Options for Skandia Greenpower
For every potential investor in Skandia, whether a beginner or expert, Skandia Greenpower's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Skandia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Skandia. Basic forecasting techniques help filter out the noise by identifying Skandia Greenpower's price trends.Skandia Greenpower 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 Skandia Greenpower stock to make a market-neutral strategy. Peer analysis of Skandia Greenpower could also be used in its relative valuation, which is a method of valuing Skandia Greenpower by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Skandia Greenpower Market Strength Events
Market strength indicators help investors to evaluate how Skandia Greenpower stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Skandia Greenpower shares will generate the highest return on investment. By undertsting and applying Skandia Greenpower stock market strength indicators, traders can identify Skandia Greenpower AS entry and exit signals to maximize returns.
Skandia Greenpower Risk Indicators
The analysis of Skandia Greenpower'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 Skandia Greenpower's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skandia 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 | 3.49 | |||
| Semi Deviation | 4.5 | |||
| Standard Deviation | 5.09 | |||
| Variance | 25.96 | |||
| Downside Variance | 34.71 | |||
| Semi Variance | 20.25 | |||
| Expected Short fall | (4.86) |
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.
Story Coverage note for Skandia Greenpower
The number of cover stories for Skandia Greenpower depends on current market conditions and Skandia Greenpower's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Skandia Greenpower is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Skandia Greenpower's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Skandia Greenpower Short Properties
Skandia Greenpower's future price predictability will typically decrease when Skandia Greenpower's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Skandia Greenpower AS often depends not only on the future outlook of the potential Skandia Greenpower's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Skandia Greenpower's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.5 M | |
| Cash And Short Term Investments | 129.4 M |
Other Information on Investing in Skandia Stock
Skandia Greenpower financial ratios help investors to determine whether Skandia Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Skandia with respect to the benefits of owning Skandia Greenpower security.