Erdene Resource Stock Forward View - Polynomial Regression
| ERD Stock | CAD 5.55 -0.18 -3.14% |
Erdene Resource Development'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 Erdene Resource. This page is updated as new daily closing prices become available for Erdene Resource.
The Polynomial Regression forecasted value of Erdene Resource Development on the next trading day is expected to be 5.64 with a mean absolute deviation of 0.43 and the sum of the absolute errors of 26.20.A single variable polynomial regression model attempts to put a curve through the Erdene Resource 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 Erdene Resource Development are reference data reflecting model output based on available historical prices. Polynomial Regression Price Forecast For the 24th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Erdene Resource Development on the next trading day is expected to be 5.64 with a mean absolute deviation of 0.43 , mean absolute percentage error of 0.27 , and the sum of the absolute errors of 26.20 .Please note that although there have been many attempts to predict Erdene 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 Erdene Resource's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Erdene Resource | Erdene Resource Price Prediction | Research Analysis |
Forecasted Value
Forecasting Erdene Resource Development for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
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 Erdene Resource stock data series using in forecasting. Note that when a statistical model is used to represent Erdene Resource 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 | 116.7917 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4296 |
| MAPE | Mean absolute percentage error | 0.0525 |
| SAE | Sum of the absolute errors | 26.204 |
Other Forecasting Options for Erdene Resource
Bollinger Bands applied to Erdene Stock price data measure how far Erdene has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Erdene Resource's price data. On-balance volume for Erdene Stock creates a running indicator of buying versus selling pressure in Erdene. Price departures from the channel boundary often mean-revert, offering tactical signals for Erdene Resource's.Erdene Resource Related Equities
These stocks within the Materials space are often compared to Erdene Resource by analysts and fund managers in the sector. Checking cash flow across this peer set helps gauge Erdene Resource's relative financial strength. Investors should look for peers that steadily beat or lag Erdene Resource across many periods.
| Risk & Return | Correlation |
Erdene Resource Market Strength Events
For investors tracking Erdene Resource Development, market strength indicators offer quantitative evaluation of stock behavior. By using these indicators, traders can make more informed decisions about when to buy or sell Erdene Resource Development. These indicators capture shifts in momentum that may precede significant price moves in Erdene Resource. These metrics provide actionable context for both entry and risk management decisions around Erdene Resource Development.
Erdene Resource Risk Indicators
Analyzing Erdene Resource's basic risk indicators provides investors with a structured view of the risk-return trade-off for erdene stock. By identifying the level of risk embedded in Erdene Resource's investment, investors can make informed decisions about position sizing. Analyzing Erdene Resource's risk indicators gives investors important context for price forecasting. Understanding the risk in Erdene Resource's investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 3.22 | |||
| Standard Deviation | 4.29 | |||
| Variance | 18.38 |
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 Erdene Resource
The amount of media and story coverage tied to Erdene Resource Development 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.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
Story Categories
Currently Trending Categories
Erdene Resource Short Properties
Short-interest signals around Erdene Resource Development can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 348.5 M | |
| Cash And Short Term Investments | 7.3 M |
More Resources for Erdene Stock Analysis
Other Information on Investing in Erdene Stock
Financial ratios reflect how major financial figures connect within Erdene Resource. All values are presented as reference data based on the latest available reporting.