Renault SA Pink Sheet Forward View - Simple Regression
| RNLSY Stock | USD 6.37 -0.08 -1.24% |
This page provides reference data for Renault SA using Simple Regression forecasting. The projected value and error metrics are calculated from available daily price observations.
The Simple Regression forecasted value of Renault SA on the next trading day is expected to be 6.56 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 13.31.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 Renault SA 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 reference page for Renault SA presents model-generated projections from historical price data for informational purposes. Simple Regression Price Forecast For the 21st of March
Given 90 days horizon, the Simple Regression forecasted value of Renault SA on the next trading day is expected to be 6.56 with a mean absolute deviation of 0.21 , mean absolute percentage error of 0.07 , and the sum of the absolute errors of 13.31 .Please note that although there have been many attempts to predict Renault Pink Sheet 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 Renault SA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pink Sheet Forecast Pattern
| Backtest Renault SA | Renault SA Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Renault SA's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 4.47 and upside near 8.64.
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 Renault SA pink sheet data series using in forecasting. Note that when a statistical model is used to represent Renault SA pink sheet, 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 | 117.3372 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2147 |
| MAPE | Mean absolute percentage error | 0.0291 |
| SAE | Sum of the absolute errors | 13.3098 |
Other Forecasting Options for Renault SA
For investors considering Renault, Renault SA's price movement is the most direct driver of investment returns. Noise in Renault Pink Sheet price charts can make identifying meaningful trends difficult without dedicated analytical tools.Renault SA Related Equities
The following equities are related to Renault SA within the Auto Manufacturers space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Renault SA 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 |
Renault SA Market Strength Events
Market strength indicators for Renault SA provide investors with a view of how the pink sheet performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in Renault SA.
Renault SA Risk Indicators
A structured analysis of Renault SA's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in Renault SA's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 1.41 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.11 |
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 Renault SA
The amount of media and story coverage tied to Renault SA can signal where market attention is concentrating at the moment. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.
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Renault SA Short Properties
Reviewing short-oriented indicators for Renault SA is useful because long and short participants often create very different signals for timing and volatility. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 1.4 B | |
| Cash And Short Term Investments | 22.8 B |
More Resources for Renault Pink Sheet Analysis
Other Information on Investing in Renault Pink Sheet
Financial ratios reflect how major financial figures connect within Renault SA. Together, they show how profit and cash flow relate to valuation.