Ashtead Group Pink Sheet Forward View - Polynomial Regression
| ASHTF Stock | USD 70.01 0.00 0.00% |
The Polynomial Regression forecast reference data for Ashtead Group plc is based on the equity's recent trading history. Forecast values and accuracy indicators are summarized on this page for reference. This reference information is provided for analytical context.
The Polynomial Regression forecasted value of Ashtead Group plc on the next trading day is expected to be 70.47 with a mean absolute deviation of 1.49 and the sum of the absolute errors of 91.01.A single variable polynomial regression model attempts to put a curve through the Ashtead Group 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 The Polynomial Regression projections for Ashtead Group plc are reference data based on historical daily prices and are provided as informational context. Polynomial Regression Price Forecast For the 26th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Ashtead Group plc on the next trading day is expected to be 70.47 with a mean absolute deviation of 1.49 , mean absolute percentage error of 4.16 , and the sum of the absolute errors of 91.01 .Please note that although there have been many attempts to predict Ashtead Pink Sheet prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Ashtead Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Ashtead Group's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 67.69 on the downside to about 73.24 on the 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 Ashtead Group pink sheet data series using in forecasting. Note that when a statistical model is used to represent Ashtead Group pink sheet, 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 | 119.5364 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.4919 |
| MAPE | Mean absolute percentage error | 0.0214 |
| SAE | Sum of the absolute errors | 91.0067 |
Other Forecasting Options for Ashtead Group
Volatility clustering is a well-documented feature of Ashtead Pink Sheet price data where periods of large moves tend to follow other large moves. When Ashtead Group's RSI reaches extreme levels, it often precedes a short-term price correction or consolidation. Seasonal patterns in Ashtead Group's returns can persist when driven by structural factors like earnings calendars or index rebalancing.Ashtead Group Related Equities
These stocks within the Rental & Leasing Services space are often compared to Ashtead Group by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge Ashtead Group's relative financial strength. How Ashtead Group ranks within this group can shift over time as the competitive picture changes.
| Risk & Return | Correlation |
Ashtead Group Market Strength Events
Analyzing market strength indicators for Ashtead Group enables investors to understand relative pink sheet momentum. These tools help identify favorable windows for position changes in Ashtead Group plc. Market strength indicators support more precise timing of Ashtead Group plc positions across market cycles.
Ashtead Group Risk Indicators
Identifying and analyzing Ashtead Group's key risk indicators is a foundational step in projecting how its price may evolve. This process involves measuring the level of investment risk in Ashtead Group's and determining how best to manage it. Studying Ashtead Group's risk indicators helps investors understand the risk level of ashtead pink sheet.
| Mean Deviation | 1.88 | |||
| Semi Deviation | 2.56 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.79 | |||
| Downside Variance | 12.19 | |||
| Semi Variance | 6.54 | |||
| Expected Short fall | -2.26 |
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.
Story Coverage note for Ashtead Group
The amount of media and story coverage tied to Ashtead Group plc can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Other Information on Investing in Ashtead Pink Sheet
These ratios describe connections between financial data points for Ashtead Group. The format ensures data can be compared on a consistent basis.