Sparebanken Ost Stock Forward View - Polynomial Regression
| SPOG Stock | NOK 84.10 0.34 0.41% |
The Polynomial Regression reference data for Sparebanken Ost is derived from the equity's published trading history. Forecast values and accuracy indicators are summarized on this page for reference.
The Polynomial Regression forecasted value of Sparebanken Ost on the next trading day is expected to be 83.84 with a mean absolute deviation of 0.90 and the sum of the absolute errors of 55.09.A single variable polynomial regression model attempts to put a curve through the Sparebanken Ost 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 forecast values on this page for Sparebanken Ost are Polynomial Regression reference data derived from historical price series. Polynomial Regression Price Forecast For the 20th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Sparebanken Ost on the next trading day is expected to be 83.84 with a mean absolute deviation of 0.90 , mean absolute percentage error of 1.16 , and the sum of the absolute errors of 55.09 .Please note that although there have been many attempts to predict Sparebanken 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 Sparebanken Ost's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Sparebanken Ost | Sparebanken Ost Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Sparebanken Ost uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. At the moment, the model places downside around 82.55 and upside around 85.13 for the forecasting period.
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 Sparebanken Ost stock data series using in forecasting. Note that when a statistical model is used to represent Sparebanken Ost 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 | 118.2558 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.9031 |
| MAPE | Mean absolute percentage error | 0.0114 |
| SAE | Sum of the absolute errors | 55.0909 |
Other Forecasting Options for Sparebanken Ost
For both new and experienced investors in Sparebanken, the ability to analyze Sparebanken Ost's price movement is a fundamental investment skill. Price chart noise in Sparebanken Stock can create false signals and mislead investment decisions.Sparebanken Ost Related Equities
The following equities are related to Sparebanken Ost within the Financials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Sparebanken Ost 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 |
Sparebanken Ost Market Strength Events
Tracking market strength indicators for Sparebanken Ost 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 Sparebanken Ost for maximum return potential.
Sparebanken Ost Risk Indicators
Properly assessing Sparebanken Ost's risk indicators is a prerequisite for building reliable price forecasts. Identifying and quantifying the risks associated with Sparebanken Ost's allows investors to make better-informed decisions about accepting or hedging their exposure.
| Mean Deviation | 0.8006 | |||
| Semi Deviation | 1.09 | |||
| Standard Deviation | 1.26 | |||
| Variance | 1.58 | |||
| Downside Variance | 1.87 | |||
| Semi Variance | 1.18 | |||
| Expected Short fall | -0.80 |
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 Sparebanken Ost
The amount of media and story coverage tied to Sparebanken Ost can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Sparebanken Ost Short Properties
Short sentiment tied to Sparebanken Ost matters because heavier bearish pressure can change how quickly future price expectations become unstable. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 20.7 M | |
| Cash And Short Term Investments | 302.6 M |
More Resources for Sparebanken Stock Analysis
Other Information on Investing in Sparebanken Stock
Financial ratios represent how different financial values are linked for Sparebanken Ost. They summarize how financial performance connects to valuation. It keeps financial comparisons aligned across time frames. The metrics reflect the most recent disclosures available and are intended for reference only.