Canfor Pulp Stock Forward View - Polynomial Regression
| CFX Stock | CAD 0.51 -0.01 -1.92% |
This reference page presents Polynomial Regression forecast data for Canfor Pulp Products. The model output shown here is derived from Canfor Pulp's historical price series and is provided for informational purposes.
The Polynomial Regression forecasted value of Canfor Pulp Products on the next trading day is expected to be 0.46 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.33.A single variable polynomial regression model attempts to put a curve through the Canfor Pulp 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 This Polynomial Regression forecast data for Canfor Pulp Products is sourced from the most recent available trading data and is intended solely as reference information. Polynomial Regression Price Forecast For the 21st of March
Given 90 days horizon, the Polynomial Regression forecasted value of Canfor Pulp Products on the next trading day is expected to be 0.46 with a mean absolute deviation of 0.02 , mean absolute percentage error of 0.0006 , and the sum of the absolute errors of 1.33 .Please note that although there have been many attempts to predict Canfor 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 Canfor Pulp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Canfor Pulp | Canfor Pulp Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Canfor Pulp Products focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 0.01 and upside around 3.35 for the forecasting period.
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 Canfor Pulp stock data series using in forecasting. Note that when a statistical model is used to represent Canfor Pulp 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 | 112.5432 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0214 |
| MAPE | Mean absolute percentage error | 0.0379 |
| SAE | Sum of the absolute errors | 1.3253 |
Other Forecasting Options for Canfor Pulp
For every potential investor in Canfor, whether a beginner or expert, Canfor Pulp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Canfor Pulp Related Equities
The following equities are related to Canfor Pulp within the Materials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Canfor Pulp 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 |
Canfor Pulp Market Strength Events
Market strength indicators help investors to evaluate how Canfor Pulp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canfor Pulp shares will generate the highest return on.
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 0.51 | |||
| Day Typical Price | 0.51 | |||
| Price Action Indicator | -0.01 | |||
| Period Momentum Indicator | -0.01 | |||
| Relative Strength Index | 41.85 |
Canfor Pulp Risk Indicators
The analysis of Canfor Pulp'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 Canfor Pulp's investment and either accepting that risk or mitigating it.
| Mean Deviation | 1.79 | |||
| Semi Deviation | 2.19 | |||
| Standard Deviation | 2.76 | |||
| Variance | 7.61 | |||
| Downside Variance | 12.01 | |||
| Semi Variance | 4.79 | |||
| Expected Short fall | -3.35 |
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 Canfor Pulp
Story coverage around Canfor Pulp Products often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Canfor Pulp Short Properties
Short-interest signals around Canfor Pulp Products can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 65.2 M | |
| Cash And Short Term Investments | 14.9 M |
More Resources for Canfor Stock Analysis
Other Information on Investing in Canfor Stock
The ratio set for Canfor Pulp connects key financial figures across reports. These metrics link profitability, liquidity, and valuation signals. The layout supports consistent interpretation across periods. All figures are sourced from the latest available reporting inputs and presented as reference data.