Ctac NV Stock Forward View - Polynomial Regression
| CTAC Stock | EUR 2.75 -0.01 -0.36% |
The Polynomial Regression forecast shown here for Ctac NV is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Polynomial Regression forecasted value of Ctac NV on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.92.A single variable polynomial regression model attempts to put a curve through the Ctac NV 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 reference page for Ctac NV presents model-generated projections from historical price data for informational purposes. Polynomial Regression Price Forecast For the 25th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Ctac NV on the next trading day is expected to be 2.75 with a mean absolute deviation of 0.03 , mean absolute percentage error of 0.0014 , and the sum of the absolute errors of 1.92 .Please note that although there have been many attempts to predict Ctac 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 Ctac NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Ctac NV | Ctac NV Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Ctac NV focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 1.21 and upside near 4.29.
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 Ctac NV stock data series using in forecasting. Note that when a statistical model is used to represent Ctac NV 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 | 111.5265 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0315 |
| MAPE | Mean absolute percentage error | 0.0106 |
| SAE | Sum of the absolute errors | 1.9219 |
Other Forecasting Options for Ctac NV
The distribution of Ctac NV's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Ctac NV's chart that simple price charts miss.Ctac NV Related Equities
These firms work in a similar space as Ctac NV within the Information Technology space and serve as useful points for comparison. Market cap and total value checks frame Ctac NV's size within the competitive field. Identifying peers that steadily beat or lag Ctac NV across many periods highlights durable competitive gaps.
| Risk & Return | Correlation |
Ctac NV Market Strength Events
Market strength indicators for Ctac NV give insight into the stock's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Ctac NV.
Ctac NV Risk Indicators
A thorough review of Ctac NV's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Ctac NV's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 1.05 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.33 |
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 Ctac NV
Coverage intensity for Ctac NV matters because narrative visibility can influence sentiment, participation, and volatility around the name. 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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Ctac NV Short Properties
A short-interest review of Ctac NV provides context for understanding whether skepticism in the market is becoming more influential. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 14.1 M | |
| Cash And Short Term Investments | 4.6 M |
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