Melhus Sparebank Stock Forecast - Simple Regression

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

Melhus Sparebank Simple Regression Price Forecast For the 1st of May

Given 90 days horizon, the Simple Regression forecasted value of Melhus Sparebank on the next trading day is expected to be 156.74 with a mean absolute deviation of 1.47, mean absolute percentage error of 3.67, and the sum of the absolute errors of 89.56.

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

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Melhus Sparebank. 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 152.45 153.40 154.35 Details

Intrinsic Valuation Low Real High 126.64 127.59 168.74 Details

Bollinger Band Projection (param) Low Middle High 152.23 155.54 158.84 Details

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

Other Forecasting Options for Melhus Sparebank

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

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Risk & Return

Correlation

Melhus Sparebank 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 Melhus Sparebank'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 Melhus Sparebank's current price.

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Altman Z Score Details

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Technical Analysis Details

Please note, there is a significant difference between Melhus Sparebank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Melhus Sparebank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Melhus Sparebank'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.