Boyd Gaming Stock Forecast - Polynomial Regression

BO5 Stock  EUR 68.00  0.50  0.74%   
The Polynomial Regression forecasted value of Boyd Gaming on the next trading day is expected to be 67.29 with a mean absolute deviation of 0.97 and the sum of the absolute errors of 59.15. Boyd Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Boyd Gaming's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Boyd Gaming polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Boyd Gaming as well as the accuracy indicators are determined from the period prices.

Boyd Gaming Polynomial Regression Price Forecast For the 23rd of December

Given 90 days horizon, the Polynomial Regression forecasted value of Boyd Gaming on the next trading day is expected to be 67.29 with a mean absolute deviation of 0.97, mean absolute percentage error of 1.53, and the sum of the absolute errors of 59.15.
Please note that although there have been many attempts to predict Boyd 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 Boyd Gaming's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Boyd Gaming Stock Forecast Pattern

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Boyd Gaming Forecasted Value

In the context of forecasting Boyd Gaming'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. Boyd Gaming's downside and upside margins for the forecasting period are 65.67 and 68.91, respectively. We have considered Boyd Gaming'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.
Market Value
68.00
67.29
Expected Value
68.91
Upside

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 Boyd Gaming stock data series using in forecasting. Note that when a statistical model is used to represent Boyd Gaming 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.
AICAkaike Information Criteria118.5339
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9697
MAPEMean absolute percentage error0.015
SAESum of the absolute errors59.1546
A single variable polynomial regression model attempts to put a curve through the Boyd Gaming historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Boyd Gaming

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Boyd Gaming. 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
LowEstimatedHigh
66.3868.0069.62
Details
Intrinsic
Valuation
LowRealHigh
61.2078.0879.70
Details
Bollinger
Band Projection (param)
LowMiddleHigh
67.5369.7371.93
Details

Other Forecasting Options for Boyd Gaming

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

Boyd Gaming 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 Boyd Gaming stock to make a market-neutral strategy. Peer analysis of Boyd Gaming could also be used in its relative valuation, which is a method of valuing Boyd Gaming by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Boyd Gaming 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 Boyd Gaming'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 Boyd Gaming's current price.

Boyd Gaming Market Strength Events

Market strength indicators help investors to evaluate how Boyd Gaming stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Boyd Gaming shares will generate the highest return on investment. By undertsting and applying Boyd Gaming stock market strength indicators, traders can identify Boyd Gaming entry and exit signals to maximize returns.

Boyd Gaming Risk Indicators

The analysis of Boyd Gaming'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 Boyd Gaming's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting boyd 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.
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.

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Additional Information and Resources on Investing in Boyd Stock

When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Boyd Gaming to cross-verify your projections.
For more detail on how to invest in Boyd Stock please use our How to Invest in Boyd Gaming guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming'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.