RLX Technology Stock Forward View - Simple Regression
| RLX Stock | USD 2.20 -0.10 -4.35% |
The Simple Regression reference data for RLX Technology is derived from the equity's published trading history. Forecast values and accuracy indicators are summarized on this page for reference.
The Simple Regression forecasted value of RLX Technology on the next trading day is expected to be 2.35 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.86.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 RLX Technology historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. All forecast values on this page for RLX Technology are Simple Regression reference data derived from historical price series. Simple Regression Price Forecast For the 21st of March
Given 90 days horizon, the Simple Regression forecasted value of RLX Technology on the next trading day is expected to be 2.35 with a mean absolute deviation of 0.06 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 3.86 .Please note that although there have been many attempts to predict RLX 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 RLX Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest RLX Technology | RLX Technology Price Prediction | Research Analysis |
Forecasted Value
Forecasting RLX Technology for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 0.58 on the downside to about 4.12 on the upside.
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 RLX Technology stock data series using in forecasting. Note that when a statistical model is used to represent RLX Technology 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 | 112.8575 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0633 |
| MAPE | Mean absolute percentage error | 0.0276 |
| SAE | Sum of the absolute errors | 3.8617 |
Other Forecasting Options for RLX Technology
For both new and experienced investors in RLX, the ability to analyze RLX Technology's price movement is a fundamental investment skill. Price chart noise in RLX Stock can create false signals and mislead investment decisions.RLX Technology Related Equities
The following equities are related to RLX Technology within the Consumer Staples space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing RLX Technology 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 |
RLX Technology Market Strength Events
Tracking market strength indicators for RLX Technology provides context for understanding the momentum dynamics of the stock in real time. These signals support informed decisions about when to enter or exit positions in RLX Technology for maximum return potential.
RLX Technology Risk Indicators
Properly assessing RLX Technology's risk indicators is a prerequisite for building reliable price forecasts. Identifying and quantifying the risks associated with RLX Technology's allows investors to make better-informed decisions about accepting or hedging their exposure.
| Mean Deviation | 1.29 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.02 |
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 RLX Technology
A coverage review of RLX Technology shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
Contributor Headline
Latest Perspective From Macroaxis
RLX Technology Short Properties
A short-interest review of RLX Technology 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 | 1.2 B | |
| Cash And Short Term Investments | 10.2 B |