Cavotec SA Stock Forward View - Polynomial Regression
| CCC Stock | SEK 11.15 -0.40 -3.46% |
Cavotec SA's Polynomial Regression reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use. The model is fitted to available historical daily prices for Cavotec SA. This page is updated as new daily closing prices become available for Cavotec SA.
The Polynomial Regression forecasted value of Cavotec SA on the next trading day is expected to be 11.43 with a mean absolute deviation of 0.25 and the sum of the absolute errors of 15.26.A single variable polynomial regression model attempts to put a curve through the Cavotec SA 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 All Polynomial Regression forecast figures shown for Cavotec SA are reference data reflecting model output based on available historical prices. Polynomial Regression Price Forecast For the 27th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Cavotec SA on the next trading day is expected to be 11.43 with a mean absolute deviation of 0.25 , mean absolute percentage error of 0.11 , and the sum of the absolute errors of 15.26 .Please note that although there have been many attempts to predict Cavotec 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 Cavotec SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Cavotec SA's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 8.95 and upside near 13.92.
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 Cavotec SA stock data series using in forecasting. Note that when a statistical model is used to represent Cavotec SA 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 | 115.8599 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2502 |
| MAPE | Mean absolute percentage error | 0.0186 |
| SAE | Sum of the absolute errors | 15.2626 |
Other Forecasting Options for Cavotec SA
Bollinger Bands applied to Cavotec Stock price data measure how far Cavotec has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Cavotec SA's price data. On-balance volume for Cavotec Stock creates a running indicator of buying versus selling pressure in Cavotec. Price departures from the channel boundary often mean-revert, offering tactical signals for Cavotec SA's.Cavotec SA Related Equities
The peer firms below within the Specialty Industrial Machinery space can help frame Cavotec SA's pricing and running costs in context. Checking Cavotec SA against peers on P/E, margins, and return on equity helps put its position in context. Sector-wide trends across this peer group can help split company-level factors from broader forces. This type of review is most useful when done often to track how positions shift over time.
| Risk & Return | Correlation |
Cavotec SA Market Strength Events
For investors tracking Cavotec SA, market strength indicators offer quantitative evaluation of stock behavior. These indicators add context to timing decisions around Cavotec SA positions. These indicators capture shifts in momentum that may precede significant price moves in Cavotec SA. These metrics provide actionable context for both entry and risk management decisions around Cavotec SA.
Cavotec SA Risk Indicators
Analyzing Cavotec SA's basic risk indicators provides investors with a structured view of the risk-return trade-off for cavotec stock. By identifying the level of risk embedded in Cavotec SA's investment, investors can make informed decisions about position sizing. Analyzing Cavotec SA's risk indicators gives investors important context for price forecasting. Understanding the risk in Cavotec SA's investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 1.63 | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.18 |
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 Cavotec SA
The amount of media and story coverage tied to Cavotec SA 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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Cavotec SA Short Properties
Short sentiment tied to Cavotec SA matters because heavier bearish pressure can change how quickly future price expectations become unstable. This is most valuable when investors want to know whether bearish pressure is starting to shape the market's reaction function.
| Common Stock Shares Outstanding | 94.2 M | |
| Cash And Short Term Investments | 12.3 M |
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