JX Luxventure Stock Forward View - Simple Regression
| JXG Stock | 3.78 0.05 1.34% |
This reference page presents Simple Regression forecast data for JX Luxventure Limited. The projected values and error metrics are presented below as reference information.
The Simple Regression forecasted value of JX Luxventure Limited on the next trading day is expected to be 3.21 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 27.98.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as JX Luxventure Limited historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression forecast data for JX Luxventure Limited is sourced from the most recent available trading data and is intended solely as reference information. Simple Regression Price Forecast For the 28th of March
Given 90 days horizon, the Simple Regression forecasted value of JX Luxventure Limited on the next trading day is expected to be 3.21 with a mean absolute deviation of 0.45 , mean absolute percentage error of 0.37 , and the sum of the absolute errors of 27.98 .Please note that although there have been many attempts to predict JXG 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 JX Luxventure'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
This next-day forecast for JX Luxventure Limited uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of JX Luxventure stock data series using in forecasting. Note that when a statistical model is used to represent JX Luxventure 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 | 118.9655 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4513 |
| MAPE | Mean absolute percentage error | 0.0989 |
| SAE | Sum of the absolute errors | 27.9806 |
Other Forecasting Options for JX Luxventure
JX Luxventure's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in JXG often signals an upcoming reversal or acceleration.JX Luxventure Related Equities
The stocks listed below are peers of JX Luxventure within the Consumer Discretionary space and offer context for ranking and strength. Growth rate gaps between JX Luxventure and its peers often explain pricing differences in the market. Peer review is most useful when paired with absolute pricing and trend checks.
| Risk & Return | Correlation |
JX Luxventure Market Strength Events
Market strength indicators help investors evaluate how JX Luxventure stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading JX Luxventure Limited.
JX Luxventure Risk Indicators
The analysis of JX Luxventure's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding JX Luxventure's allows investors to make informed decisions about their exposure.
| Mean Deviation | 3.38 | |||
| Standard Deviation | 5.15 | |||
| Variance | 26.54 |
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 JX Luxventure
Coverage intensity for JX Luxventure Limited matters because narrative visibility can influence sentiment, participation, and volatility around the name. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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JX Luxventure Short Properties
A short-interest review of JX Luxventure Limited provides context for understanding whether skepticism in the market is becoming more influential. 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 | 237.9 K | |
| Cash And Short Term Investments | 1.2 M |