Indofood Cbp Stock Forecast - Simple Regression

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

Indofood Cbp Simple Regression Price Forecast For the 17th of May 2024

Given 90 days horizon, the Simple Regression forecasted value of Indofood Cbp Sukses on the next trading day is expected to be 10,299 with a mean absolute deviation of 260.98, mean absolute percentage error of 111,636, and the sum of the absolute errors of 15,920.

Indofood Cbp Stock Forecast Pattern

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Indofood Cbp 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 Indofood Cbp stock data series using in forecasting. Note that when a statistical model is used to represent Indofood Cbp 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 Indofood Cbp Sukses 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 Indofood Cbp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Indofood Cbp Sukses. 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 10,673 10,675 10,677 Details

Intrinsic Valuation Low Real High 8,970 8,972 11,742 Details

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

Other Forecasting Options for Indofood Cbp

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

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Risk & Return

Correlation

Indofood Cbp Sukses 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 Indofood Cbp'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 Indofood Cbp's current price.

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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 Indofood Cbp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Indofood Cbp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Indofood Cbp'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.