Entra ASA Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Entra ASA 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.

Entra ASA Simple Regression Price Forecast For the 22nd of May

Given 90 days horizon, the Simple Regression forecasted value of Entra ASA on the next trading day is expected to be 107.15 with a mean absolute deviation of 2.63, mean absolute percentage error of 10.50, and the sum of the absolute errors of 160.40.

Entra ASA Stock Forecast Pattern

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Entra ASA Forecasted Value

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 Entra ASA stock data series using in forecasting. Note that when a statistical model is used to represent Entra ASA 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 Entra ASA 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 Entra ASA

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Entra ASA. 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 110.42 112.00 113.58 Details

Intrinsic Valuation Low Real High 90.17 91.75 123.20 Details

Bollinger Band Projection (param) Low Middle High 100.10 107.81 115.51 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Entra ASA. Your research has to be compared to or analyzed against Entra ASA's peers to derive any actionable benefits. When done correctly, Entra ASA'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 Entra ASA.

Other Forecasting Options for Entra ASA

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

Entra ASA Related Equities

Risk & Return

Correlation

Entra ASA 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 Entra ASA'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 Entra ASA's current price.

Entra ASA Market Strength Events

Entra ASA Risk Indicators

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Entra ASA using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Altman Z Score Details

Intrinsic Valuation Details

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Technical Analysis Details

Please note, there is a significant difference between Entra ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entra ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entra ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.