BillerudKorsnas Stock Forward View
| BILL Stock | SEK 70.15 -0.40 -0.57% |
BillerudKorsnas AB's Naive Prediction forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The Naive Prediction forecasted value of BillerudKorsnas AB on the next trading day is expected to be 66.04 with a mean absolute deviation of 2.55 and the sum of the absolute errors of 155.39.This model is not at all useful as a medium-long range forecasting tool of BillerudKorsnas AB. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict BillerudKorsnas. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. The Naive Prediction projections for BillerudKorsnas AB are reference data based on historical daily prices and are provided as informational context. Naive Prediction Price Forecast For the 21st of March
Given 90 days horizon, the Naive Prediction forecasted value of BillerudKorsnas AB on the next trading day is expected to be 66.04 with a mean absolute deviation of 2.55 , mean absolute percentage error of 11.46 , and the sum of the absolute errors of 155.39 .Please note that although there have been many attempts to predict BillerudKorsnas Stock 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 BillerudKorsnas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest BillerudKorsnas | BillerudKorsnas Price Prediction | Research Analysis |
Forecasted Value
Forecasting BillerudKorsnas AB for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 63.19 and upside near 68.88.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of BillerudKorsnas stock data series using in forecasting. Note that when a statistical model is used to represent BillerudKorsnas 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.| AIC | Akaike Information Criteria | 120.549 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.5473 |
| MAPE | Mean absolute percentage error | 0.0311 |
| SAE | Sum of the absolute errors | 155.3875 |
Other Forecasting Options for BillerudKorsnas
The price trajectory of BillerudKorsnas is the primary concern for any investor assessing it as an opportunity. BillerudKorsnas Stock price charts are filled with noise that can easily mislead uninformed investment decisions.BillerudKorsnas Related Equities
The following equities are related to BillerudKorsnas within the Materials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing BillerudKorsnas against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
BillerudKorsnas Market Strength Events
Understanding the market strength of BillerudKorsnas stock enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in BillerudKorsnas AB with greater precision.
BillerudKorsnas Risk Indicators
Reviewing BillerudKorsnas' basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding BillerudKorsnas' and informs decisions about hedging and position.
| Mean Deviation | 1.74 | |||
| Standard Deviation | 2.73 | |||
| Variance | 7.45 |
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 BillerudKorsnas
A coverage review of BillerudKorsnas AB shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
Other Macroaxis Stories
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BillerudKorsnas Short Properties
A short-interest review of BillerudKorsnas AB provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 222.4 M | |
| Cash And Short Term Investments | 3.6 B |
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