E L Preferred Stock Forward View - Polynomial Regression
| ELF-PH Preferred Stock | CAD 24.15 0.01 0.04% |
This page provides Polynomial Regression reference data for E L Financial 3, calculated from historical daily prices. The forecast output and associated deviation metrics are shown for informational use.
The Polynomial Regression forecasted value of E L Financial 3 on the next trading day is expected to be 24.17 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.41.A single variable polynomial regression model attempts to put a curve through the E L 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 E L's Polynomial Regression reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Polynomial Regression Price Forecast For the 19th of March
Given 90 days horizon, the Polynomial Regression forecasted value of E L Financial 3 on the next trading day is expected to be 24.17 with a mean absolute deviation of 0.07 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 4.41 .Please note that although there have been many attempts to predict ELF-PH Preferred 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 E L's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Preferred Stock Forecast Pattern
| Backtest E L | E L Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for E L Financial 3 uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 23.87 and upside near 24.47.
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 E L preferred stock data series using in forecasting. Note that when a statistical model is used to represent E L preferred 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 | 113.1739 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0723 |
| MAPE | Mean absolute percentage error | 0.003 |
| SAE | Sum of the absolute errors | 4.4121 |
Other Forecasting Options for E L
The price movement of ELF-PH is a central concern for all potential investors, regardless of their level of expertise. ELF-PH Preferred Stock price charts can be difficult to interpret due to the noise present in the data.E L Related Equities
The following equities are related to E L within the Insurance - Property & Casualty space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing E L 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 |
E L Market Strength Events
Market strength indicators applied to E L preferred stock help investors assess the relative momentum and resilience of the security in different market environments. By using these indicators, traders can make more informed decisions about when to buy or sell E L Financial 3.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 24.15 | |||
| Day Typical Price | 24.15 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 46.01 |
E L Risk Indicators
Risk indicator analysis for E L is essential for accurately projecting its future price trajectory. By identifying the level of risk embedded in E L's investment, investors can make informed decisions about position sizing and risk mitigation.
| Mean Deviation | 0.2212 | |||
| Semi Deviation | 0.2991 | |||
| Standard Deviation | 0.3197 | |||
| Variance | 0.1022 | |||
| Downside Variance | 0.1698 | |||
| Semi Variance | 0.0895 | |||
| Expected Short fall | -0.26 |
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 E L
The amount of media and story coverage tied to E L Financial 3 can signal where market attention is concentrating at the moment. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Other Information on Investing in ELF-PH Preferred Stock
Financial ratios for E L provide valuation context across profits, cash flow, and enterprise value. They help compare ELF-PH across valuation measures in a consistent way.