Alkindo Naratama Stock Forecast - Polynomial Regression
| ALDO Stock | IDR 850.00 15.00 1.73% |
The Polynomial Regression forecasted value of Alkindo Naratama Tbk on the next trading day is expected to be 856.41 with a mean absolute deviation of 14.62 and the sum of the absolute errors of 891.67. Alkindo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alkindo Naratama stock prices and determine the direction of Alkindo Naratama Tbk's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Alkindo Naratama's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Alkindo Naratama to cross-verify your projections. Alkindo |
Most investors in Alkindo Naratama 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 Alkindo Naratama's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Alkindo Naratama's price structures and extracts relationships that further increase the generated results' accuracy.
Alkindo Naratama polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Alkindo Naratama Tbk as well as the accuracy indicators are determined from the period prices. Alkindo Naratama Polynomial Regression Price Forecast For the 8th of May
Given 90 days horizon, the Polynomial Regression forecasted value of Alkindo Naratama Tbk on the next trading day is expected to be 856.41 with a mean absolute deviation of 14.62, mean absolute percentage error of 424.72, and the sum of the absolute errors of 891.67.Please note that although there have been many attempts to predict Alkindo 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 Alkindo Naratama's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Alkindo Naratama Stock Forecast Pattern
| Backtest Alkindo Naratama | Alkindo Naratama Price Prediction | Buy or Sell Advice |
Alkindo Naratama Forecasted Value
In the context of forecasting Alkindo Naratama'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. Alkindo Naratama's downside and upside margins for the forecasting period are 853.40 and 859.42, respectively. We have considered Alkindo Naratama'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 Alkindo Naratama stock data series using in forecasting. Note that when a statistical model is used to represent Alkindo Naratama 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 | 124.1619 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 14.6176 |
| MAPE | Mean absolute percentage error | 0.0192 |
| SAE | Sum of the absolute errors | 891.6739 |
Predictive Modules for Alkindo Naratama
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alkindo Naratama Tbk. 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 Alkindo Naratama'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 Alkindo Naratama
For every potential investor in Alkindo, whether a beginner or expert, Alkindo Naratama's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alkindo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alkindo. Basic forecasting techniques help filter out the noise by identifying Alkindo Naratama's price trends.Alkindo Naratama 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 Alkindo Naratama stock to make a market-neutral strategy. Peer analysis of Alkindo Naratama could also be used in its relative valuation, which is a method of valuing Alkindo Naratama by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alkindo Naratama Tbk 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 Alkindo Naratama'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 Alkindo Naratama's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alkindo Naratama Market Strength Events
Market strength indicators help investors to evaluate how Alkindo Naratama stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alkindo Naratama shares will generate the highest return on investment. By undertsting and applying Alkindo Naratama stock market strength indicators, traders can identify Alkindo Naratama Tbk entry and exit signals to maximize returns.
Alkindo Naratama Risk Indicators
The analysis of Alkindo Naratama'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 Alkindo Naratama's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alkindo 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 | 1.94 | |||
| Semi Deviation | 2.84 | |||
| Standard Deviation | 3.01 | |||
| Variance | 9.06 | |||
| Downside Variance | 19.5 | |||
| Semi Variance | 8.08 | |||
| Expected Short fall | (2.67) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alkindo Naratama in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alkindo Naratama's short interest history, or implied volatility extrapolated from Alkindo Naratama options trading.
Pair Trading with Alkindo Naratama
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alkindo Naratama position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alkindo Naratama will appreciate offsetting losses from the drop in the long position's value.Moving together with Alkindo Stock
| 0.67 | AGII | Aneka Gas Industri | PairCorr |
Moving against Alkindo Stock
| 0.9 | ALMI | Alumindo Light Metal | PairCorr |
| 0.82 | IBST | Inti Bangun Sejahtera | PairCorr |
| 0.72 | SWID | PT Saraswanti Indoland | PairCorr |
| 0.7 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.64 | GGRM | Gudang Garam Tbk | PairCorr |
The ability to find closely correlated positions to Alkindo Naratama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkindo Naratama when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alkindo Naratama - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alkindo Naratama Tbk to buy it.
The correlation of Alkindo Naratama is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alkindo Naratama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkindo Naratama Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alkindo Naratama can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Alkindo Naratama to cross-verify your projections. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Alkindo Stock analysis
When running Alkindo Naratama's price analysis, check to measure Alkindo Naratama'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 Alkindo Naratama is operating at the current time. Most of Alkindo Naratama's value examination focuses on studying past and present price action to predict the probability of Alkindo Naratama's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkindo Naratama's price. Additionally, you may evaluate how the addition of Alkindo Naratama to your portfolios can decrease your overall portfolio volatility.
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