Keyera Corp Stock Forward View - Simple Regression
| KEY Stock | CAD 53.33 -0.42 -0.78% |
This reference page presents Simple Regression forecast data for Keyera Corp. The projected values and error metrics are presented below as reference information.
The Simple Regression forecasted value of Keyera Corp on the next trading day is expected to be 54.98 with a mean absolute deviation of 1.05 and the sum of the absolute errors of 65.15.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 Keyera Corp 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 Keyera Corp is sourced from the most recent available trading data and is intended solely as reference information. Simple Regression Price Forecast For the 25th of March
Given 90 days horizon, the Simple Regression forecasted value of Keyera Corp on the next trading day is expected to be 54.98 with a mean absolute deviation of 1.05 , mean absolute percentage error of 1.63 , and the sum of the absolute errors of 65.15 .Please note that although there have been many attempts to predict Keyera 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 Keyera Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Keyera Corp | Keyera Corp Price Prediction | Research Analysis |
Forecasted Value
Forecasting Keyera Corp for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 53.59 and upside near 56.37.
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 Keyera Corp stock data series using in forecasting. Note that when a statistical model is used to represent Keyera Corp 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 | 120.4397 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0508 |
| MAPE | Mean absolute percentage error | 0.0228 |
| SAE | Sum of the absolute errors | 65.1485 |
Other Forecasting Options for Keyera Corp
Keyera Corp's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in Keyera often signals an upcoming reversal or acceleration.Keyera Corp Related Equities
These firms work in a similar space as Keyera Corp within the Energy space and serve as useful points for comparison. Peer review on balance sheet metrics shows how Keyera Corp's capital structure stacks up against similar firms.
| Risk & Return | Correlation |
Keyera Corp Market Strength Events
Market strength indicators help investors evaluate how Keyera Corp stock reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Keyera Corp.
Keyera Corp Risk Indicators
The analysis of Keyera Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding Keyera Corp's allows investors to make informed decisions about their exposure.
| Mean Deviation | 1.04 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.84 | |||
| Downside Variance | 2.06 | |||
| Semi Variance | 1.26 | |||
| Expected Short fall | -1.18 |
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 Keyera Corp
A coverage review of Keyera Corp shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Keyera Corp Short Properties
Short-interest signals around Keyera Corp can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. 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 | 229.2 M | |
| Cash And Short Term Investments | 2.3 B |
More Resources for Keyera Stock Analysis
Other Information on Investing in Keyera Stock
Financial ratios reflect how major financial figures connect within Keyera Corp. All values are presented as reference data based on the latest available reporting.